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I need help with an indicator


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I need help with an indicator

  #21 (permalink)
 ness1g 
boston ma
 
Experience: Beginner
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Trading: futures, stocks
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Hi Fat Tails,
Do you mind if I ask you what indicators plots the colored lines on the attached chart.

Thanks,

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  #22 (permalink)
Thxo
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ness1g View Post
Hi Fat Tails,
Do you mind if I ask you what indicators plots the colored lines on the attached chart.

Thanks,

That's look like keltner channel or moving average envelope to me ... , ninja default indi ...
but, lets wait for @Fat Tails to give the exact answer ...


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  #23 (permalink)
 
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 Fat Tails 
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Thxo View Post
That's look like keltner channel or moving average envelope to me ... , ninja default indi ...
but, lets wait for @Fat Tails to give the exact answer ...


It is probably a modified Keltner Channel.

Download the Keltner Universal indicator and use it with the parameters as below:

Midband average type = EMA
Midband period = 55
Offset average type = EMA
Offset multiplier = 3.5
Offset period = 55
Range type = SimpleRange
Smoothed channels = false

If the result does not match your chart, just modify the parameters ....

First modify the two midband parameters average type and period. Once the midband looks as expected, you can then modify the 3 offset parameters until you get the channels as needed.


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  #24 (permalink)
 ness1g 
boston ma
 
Experience: Beginner
Platform: ninja
Trading: futures, stocks
Posts: 212 since Oct 2011
Thanks Given: 384
Thanks Received: 158


Fat Tails View Post
It is probably a modified Keltner Channel.

Download the Keltner Universal indicator and use it with the parameters as below:

Midband average type = EMA
Midband period = 55
Offset average type = EMA
Offset multiplier = 3.5
Offset period = 55
Range type = SimpleRange
Smoothed channels = false

If the result does not match your chart, just modify the parameters ....

First modify the two midband parameters average type and period. Once the midband looks as expected, you can then modify the 3 offset parameters until you get the channels as needed.


Yes it worked great.
Thank you

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Last Updated on July 5, 2014


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