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Keltner Channel
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Keltner Channel

  #1 (permalink)
Richard
Las Vegas, NV
 
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Keltner Channel

Trade Station has an indicator that paints the bars on the Keltner Channel (DIG Keltner Channel 2.0) Has anyone found a similar one for Ninja Trader? It is a great visual read on a trend movement.

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  #2 (permalink)
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Not sure how the Trade Station one works but have you seen this ?

https://futures.io/download/ninjatrader-7/indicators/625-download.html?view

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  #3 (permalink)
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This is a Keltner Channel ...

- which allows to use a Median, a Mode and 26 different moving averages as the midband
- which allows you to select between simple range (original) and true range for the bands
- which allows you to set different periods for calculating the midband and the volatility
- which allows you to further smooth midband and channels
- which allows you to color the channels according to the slope of the midband
- which uses a normalized (!) slope with a user selectable neutral area
- which comes with an option to display paint bars

Have added the paint bars today.

https://futures.io/download/ninjatrader-7/indicators/625-download.html?view


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  #4 (permalink)
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Update Keltner Universal Channels

Have made an update of the Keltner Channels today. There were a few reasons:


1. When displaced by one bar the Keltner Channel can be used to create PLDot Channel, a technique that is part of the Drummond Geometry, for further information see link below. The band colors and paint bars will now correctly align to the displacement of the indicator.

https://futures.io/elite-circle/1261-want-your-ninjatrader-indicator-created-free-662.html#post267876

2. @Zondor discovered a little bug, which affected the opacity of the paint bars in COBC = false mode. More details here:

https://futures.io/ninjatrader-programming/40-adxvma-questions-5.html#post269025

3. I have updated the Ehlers and Gauss filters, further removed the moving mode as an option for the midband, as it was not useful.


The updated indicator can be downloaded here:

https://futures.io/download/ninjatrader-7/indicators/625-download.html?view


Below is a variation of the Keltner Universal Channel, which was used to approximate the PBF iTunnel. More information is here:

https://futures.io/platforms-indicators/23551-pbf-i-tunnel.html#post268682


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  #6 (permalink)
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  #7 (permalink)
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Update Keltner Channel Universal

I have updated the Keltner Channels today.

-> Added a second indicator which calculates the upper band from an average of the highs and the lower band from an average of the lows.
-> Removed a little bug. The average range or average true range can also be calculated as a Butterworth, Gauss or Supersmoother average from the true range. I had inverted the parameters in the formulae, which is now corrected.

A chart of the updated indicator is shown below.

-> anaKeltnerUniversal is the traditional version of the indicator.
-> anaKeltnerUniversalHiLo is a modified version which calculates the upper band from the average of the highs and the lower band from the average of the lows.

The indicators can be found here:

https://futures.io/download/ninjatrader-7/indicators/625-download.html?view

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  #8 (permalink)
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  #9 (permalink)
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Could the T3 be added to the list of MA?

thanks for the super work.

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  #10 (permalink)
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rsmtrade View Post
Could the T3 be added to the list of MA?

thanks for the super work.



I have added a Tillson T3 and updated the indicator here:

https://futures.io/download/ninjatrader-7/indicators/625-download.html?view

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