<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.>
Alan, Looks to me like the Keltner is much simpler to compute CPU-wise, per your formula it is straight linear math, while the Bollinger involves computing an exponential, which is always CPU-intensive. As far as twisting brain capacity, they're both easy to look at, but the Bollinger carries additional information (is keyed off of volatility, as well as price trends and direction) which means there is more to think about/understand/deal with. That being said, I'm not out to conduct a war against BB's, heck I may start using them again myself next month! The REAL point is, pick your indicators carefully, know how they work, and keep them as simple as possible.
<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.>
Gee, no offense intended! It was certainly not my intention to "attack Bollinger personally" -- I consider that to be "poking fun". I don't think he would take offense -- John B. is indeed one of the nicest "gurus" out there, and I would agree, he certainly is one of the more modest ones. I've attended his seminars at the TAG conferences, and of course he's frequently on CNBC; he is the perfect gentleman (unlike myself, a much scrappier type <g>). Most of the industry guru's out there do indeed have "egos the size of Mt. Rushmore". That seems to cut across all industries, and be part of "the human condition"!
I do know Jeff and Jake, have taken seminars from Jake, and had lengthy phone discussions about stocks with Jeff. Cooper, like Bollinger, is an very personable and nice guy, and sharp as a tack; he has a master's grasp of every single micro-detail. Bernstein, despite all of the detractors he suffers from, is one of my favorite gurus. In addition to being chalk-full of fantastic trading methodologies that "work", he is the only 'guru' I know that can also serve as a 'fall-down funny' standup comedian.
My trading/indicator philosophy leans toward the VERY SIMPLE. This is why I (personally) prefer the Keltners. I understand the Bollinger's and don't doubt they're a brilliant innovation, which can provide added-value should you use them appropriately. Keltner's give me what I need, without the added complexity/sophistication. I'm sure that it's possible to actually trade better using Bollinger's instead of Keltner's... I don't doubt that possibility. For me, there is not enough value-add. But,that's an individual thing.
Regards, -Steve
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