Long term trading Tool-Keltner bands different way

#1
Hi friends

Keltner bands were used with typical price(H+L+C)/3.
Later on close is used.


EOD System

Curtis Faith
Curtis Faith in his book Way Of The Turtle
describes a variation of the Keltner system used by the legendary Turtle Traders.
parameters
The channel is based on a 350-Day (exponential) moving average of closing prices,
with the upper border plotted as 7 times 350-Day ATR AND the lower border as 3 times ATR.
How to trade?
//Go long at the Open if the previous Day closes above the upper band.
// Go Short at the Open if the previous Day closes below the lower band.
// Exit when price crosses back through the moving average.

Here is a code I made to begin with.
If thi is error free,
The experts can add trading signals,buy,sell arrows,exploration etc.please do the needful


Regards
ford
----------------------------------------------
HTML:
//Afl coding for Long Term trading
//KELTNER BANDS -WAY OF THE TURTLE-Curtis Faith 
SetChartBkColor(64);
Plot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle |  styleCandle);

EMA350 =EMA(C,350);
ATR350 =ATR(350);

KUP   = EMA350 + 7 * ATR(350);
KDOWN = EMA350 - 3 * ATR(350);

Plot (KUP,"KUP",8,1);
Plot (KDown,"Kdown",8,1);
Plot (EMA350,"EMA-LT",37,1);
see charts of MARUTI,ANDHRABANK,HDFCBANK







Quote
When an ICICI man devoid of quality & ethics tries to run An INFOSYS, The retired CEO has to return to work.
KVK OR NR N MURTHY?
 
Last edited:

Similar threads

Intraday Higher Leverage

Save up to 90% in brokerage and get higher leverage for intraday trades.

Name:Phone:
Email:City:
State:
Are you a day trader?