Keltner Indicator..

[mikexny]

Can someone create a keltner oscilator that can be ploted under the chart.. (not on price itself).

Basically a Keltner study with 20 period EMA of basis line and 2.5 ATR bands... Whenever the close> than the upper band the oscilator would be greater than X.. and vice versa for a close underneath the lower band.


--MIKE

[eSignal_JasonK]

Hello Mike,

Thank you for your formula suggestion. Try this formula out and let me know if it's not what you expected. You'll notice I added the bands here as well, but plotted them as lines vs. histogram.

The defaults are 20 periods for the EMA basis line and the bands are at 2.5 * ATR. You can adjust the period length (nInputLength) and the range factor (nRangeFactor) for the bands through the "Edit Studies" option.

KeltnerOscAtrEmaAdj.efs