DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: - who wrote (543)	6/12/1999 7:53:00 AM
From: TraderAlan	Read Replies (2) of 18137

PAT, For anyone who would like to try them, here is the SuperCharts/TradeStation formula for Keltner Bands: Top Band = XAverage(C,20)+(2.5(AbsValue(AvgTrueRange(20)))) Center Band = XAverage(C,20) Bottom Band = XAverage(C,20)- (2.5(AbsValue(AvgTrueRange(20)))) FWIW I completely disagree with your comments regarding Bollinger Bands vs Keltner Bands. I've used them both and dropped Keltner Bands completely as they just didn't provide any predictive information in many markets. OTOH Bollinger Bands appear to be much more independent and provide data regardless of underlying market characteristics. Also not sure why you refer to BBs as "exotic". The Keltner calculation is much less straightforward and there are dozens of accepted tech indicators that twist logic and brain capacity much more acutely than BBs. Finally not sure why you're attacking Bollinger personally. There are much odder characters out there than JB. Jake Bernstein and Jeff Cooper have the egos of Mt Rushmore. Eng should take writing lessons. And it might be a good idea for someone to let Joe Ross know that charging $10,000 for a traders weekend just isn't "cool". Alan

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