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Keltner Universal V4

Exported using NT version 7.0.1000.27

This is a generalized version of the Keltner Channels with a few options added:

- The midband can be selected from a moving median, a moving mode or 27 different moving averages, all of which are calculated from the typical price.

- Midband and channels can be smoothed.

- The smoothing period for the range or the true range can be different from the period for the moving average.

- The indicator has an option to display the channels or the midband individually.

- All plots can be colored according to their slope, or alternatively all plots can be colored according to the slope of the midband.

- The slope color includes a neutral slope, which can be adjusted via a threshold.

- The area between the Keltner Channels can be shaded according to the slope of the midband.

- The trend derived from the midband slope can be displayed via paint bars.

Update July 3 2012: Midband can now be selected from a moving median, a moving mode or 27 different moving averages. Adjustable neutral zone added. Bands can be colored according to their own slope or slope of midband, midband and channels can be displayed individually.
Update July 5, 2012: Bug removed - Butterworth, Gauss and Supersmoother Fillter did not use the specified period.
Update August 20, 2012: Old version pf ADXVMA replaced with new version.
Update August 25, 2012: Paint bars added.
Update August 31, 2012: Ehlers Filter updated.
Update October 4, 2012: Ehlers and Gauss filters updated, moving mode removed. Channel and paintbar colors will now align, when indicator is displaced.
Update January 14, 2012: Second indicator added, which calculates upper band from high average and lower band from low average. Bug removed, which caused erroneous results when Butterworth, Gauss or Supersmoother options were used for calculating the average range or true range.
Update August 7, 2013: Tillson T3 added.
Update October 10, 2014: When paintbars were selected without showing the midband, occasionally some bars were set to transparent. Bug removed.
Update March 19, 2015: Slope trend exposed via public IntSeries.

Category NinjaTrader 7 Indicators

Details: Keltner Universal V4
Category: NinjaTrader 7 Indicators

March 19th, 2015
Size: 59.45 KB
Downloaded: 5247 times

Keywords: keltner keltnerchannel slope smoothing

Comments/ratings

meyer99 September 1st, 2010 04:42 PM

Thank you FT.

igork11 October 4th, 2010 10:43 PM

Thanks, Fat Tails, for this indicator. If I could I would add the following features to make it Dream Indicator for long term trading:
1) additional two MA: JMA and ADXVMA;
2) MAs change (middle and bands) colours for UP and Down directions;
3) 3 bands for different levels of ATR;
4) colored space between bands
5) screening possibilities.

perryg January 18th, 2011 09:28 AM

Thank you, very useful

tony2604 May 10th, 2011 05:37 PM

Thank you for this indicator!

shali27 November 22nd, 2011 07:13 PM

Just starting to play with it. Very beautiful and useful indicator. Thank you

Erez July 10th, 2012 02:13 AM

Thank you

rainbowchaser July 10th, 2012 09:24 PM

Thnaks Herr.

romus September 4th, 2012 11:17 PM

Another great stuff

syxforex September 10th, 2012 10:07 PM

I think there might be a memory leak with this indicator when adxvma setting is applied. Clean NT7 install today and two indicators on machine. When this one is added to a chart the memory begins to leak and run up continuously.

bamawthu September 25th, 2012 09:54 PM

No Comment

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