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Technical Indicator Definitions
- List of Technical Indicators
- Acceleration Bands (ABANDS)
- Accumulation/Distribution (AD)
- Average Directional Movement (ADX)
- Absolute Price Oscillator (APO)
- Aroon (AR)
- Aroon Oscillator (ARO)
- Average True Range (ATR)
- Volume on the Ask (AVOL)
- Volume on the Bid and Ask (BAVOL)
- Bollinger Band (BBANDS)
- Band Width (BW)
- Bar Value Area (BVA)
- Bid Volume (BVOL)
- Commodity Channel Index (CCI)
- Chande Momentum Oscillator (CMO)
- Double Exponential Moving Average (DEMA)
- Plus DI (DI+)
- Directional Movement Indicators (DMI)
- Ichimoku (ICH)
- Fill Indicator (FILL)
- Keltner Channel (KC)
- Linear Regression (LR)
- Linear Regression Angle (LRA)
- Linear Regression Intercept (LRI)
- Linear Regression Slope (LRM)
- Max (MAX)
- Money Flow Index (MFI)
- Midpoint (MIDPNT)
- Midprice (MIDPRI)
- Min (MIN)
- MinMax (MINMAX)
- Momentum (MOM)
- Adaptive Moving Average (AMA)
- Exponential (EMA)
- Moving Average Convergence Divergence (MACD)
- Simple Moving Average (SMA)
- T3 (T3)
- Triple Exponential Moving Average (TEMA)
- Triangular Moving Average (TRIMA)
- Triple Exponential Moving Average Oscillator (TRIX)
- Weighted Moving Average (WMA)
- Normalized Average True Range (NATR)
- On Balance Volume (OBV)
- Price Channel (PC)
- PLOT (PLT)
- Percent Price Oscillator (PPO)
- Price Volume Trend (PVT)
- Rate of Change (ROC)
- Rate of Change (ROC100)
- Rate of Change (ROCP)
- Rate of Change (ROCR)
- Relative Strength Indicator (RSI)
- Parabolic Sar (SAR)
- Session Cumulative Ask (SAVOL)
- Session Cumulative Bid (SBVOL)
- Standard Deviation (STDDEV)
- Stochastic (STOCH)
- Stochastic Fast (StochF)
- Session Volume (S_VOL)
- Time Series Forecast (TSF)
- TT Cumulative Vol Delta (TT CVD)
- Ultimate Oscillator (ULTOSC)
- Volume At Price (VAP)
- Volume Delta (Vol ∆)
- Volume (VOLUME)
- Volume Weighted Average Price (VWAP)
- Williams % R (WillR)
- Welles Wilder's Smoothing Average (WWS)
- Troubleshooting And Support
Keltner Channel (KC)
Description
The Keltner Channel was introduced in 1960 by Chester W. Keltner in his book How To Make Money in Commodities, and is also explained by Perry Kaufman's book The New Commodity Trading Systems and Methods. Keltner Channels plots three lines, consisting of a simple moving average (typically of the average price) with upper and lower bands plotted above and below this moving average. The width of the bands is based on a user defined factor applied to the Average True Range, with this result added to and subtracted from the middle moving average line.
Formula
Middle Line = n period moving average of (High + Low + Close) / 3
Upper Band = Middle Line + ( y * ATR)
Lower Band = Middle Line - ( y * ATR)
Where:
- n = number of periods
- y = factor applied to the ATR
- ATR = Average True Range of n period