StockFetcher Forums · General Discussion · keltner reversal/pullback<< >>Post Follow-up
BlackBars
54 posts
msg #142779
Ignore BlackBars
3/16/2018 11:38:05 AM

Whenever price trades outside a 4.0 standard deviation Keltner channel, it usually indicates price has stretched beyond an extreme and may "snap back". So essentially when price reaches outside the 4.0 deviated Keltner bands, the window for the trade is open in the opposite direction.

See for yourself !!





Fetcher[
close crossed above Lower Keltner Band(40,4.0)



close > 10
Average Volume(30) is above 200000
market is not OTCBB
offset is 42
chart-time is 8 Months



/*
Slow Stochastics Fast %K(10) crossed above Slow Stochastics Slow %D(10)
open below Lower Keltner Band(40,4.0)
open below Lower Bollinger Band(20,2)
close crossed above Lower Bollinger Band(20,2)
close > close 1 day ago
close > open 1 day ago
*/

/* Add this if you wish to improve the accuracy of the price direction, be warned there are fewer plays. */



set{c1,count(pattern is Bullish Upside Tasuki Gap,1)}
set{c2,count(pattern is Bullish Side-by-Side White Lines,1)}
set{c3,count(pattern is Bullish Separating Lines,1)}
set{c4,count(pattern is Bullish Three Line Strike,1)}
set{c5,count(pattern is Bullish Upside Gap Three Methods,1)}
set{c6,count(pattern is Bullish Harami Cross,1)}
set{c7,count(pattern is Bullish Three Inside Up,1)}
set{c8,count(pattern is Bullish Homing Pigeon,1)}
set{c9,count(pattern is Bullish Harami,1)}
set{c10,count(pattern is Bullish Morning Doji Star,1)}
set{c11,count(pattern is Bullish Tri-Star,1)}
set{c12,count(pattern is Bullish Meeting Lines,1)}
set{c13,count(pattern is Bullish Unique Three Rivers,1)}
set{c14,count(pattern is Bullish Abandoned Baby,1)}
set{c15,count(pattern is Bullish Matching Low,1)}
set{c16,count(pattern is Bullish Engulfing,1)}
set{c17,count(pattern is Bullish Kicking,1)}
set{c18,count(pattern is Bullish Three White Soldiers,1)}
set{c19,count(pattern is Bullish Concealing Baby Swallow,1)}
set{x1, c1 + c2}
set{x2, x1 + c3}
set{x3, x2 + c4}
set{x4, x3 + c5}
set{x5, x4 + c6}
set{x6, x5 + c7}
set{x7, x6 + c8}
set{x8, x7 + c9}
set{x9, x8 + c10}
set{x10, x9 + c11}
set{x11, x10 + c12}
set{x12, x11 + c13}
set{x13, x12 + c14}
set{x14, x13 + c15}
set{x15, x14 + c16}
set{x16, x15 + c17}
set{x17, x16 + c18}
set{cnt, x17 + c19}
cnt above 0 do not draw cnt

]



shillllihs
6,044 posts
msg #142780
Ignore shillllihs
3/16/2018 2:10:29 PM

Funny you mention them but I’ve just added keltner bands to create a system 2 weeks ago.
I’ve been saying for awhile that standard error and bb. should be incorporated in most any system.
In fact I use all 3 together. But these only work in a trending market.

BlackBars
54 posts
msg #142781
Ignore BlackBars
3/16/2018 2:14:21 PM

Is this system you created in SS or SF?

shillllihs
6,044 posts
msg #142783
Ignore shillllihs
3/16/2018 3:02:31 PM

Neither.

BlackBars
54 posts
msg #142784
Ignore BlackBars
3/16/2018 3:22:51 PM

If you are making a system that has a mandatory of different types of bands/channels, I'd dive into the concept of fibonacci bands. I've been super profitable trading using them as a base tool alone.

sammyn
81 posts
msg #142789
Ignore sammyn
3/17/2018 8:52:55 AM

Black:
Can you provide some more info or examples using Fib bands?

I haven't seen it before (normally just replacements).

Thanks!

BlackBars
54 posts
msg #142858
Ignore BlackBars
3/22/2018 11:57:00 AM

sammyn,

Familiarize yourself with the concept of Fibonacci retracements and S/R levels before diving into Fib Bands. I primarily use it when trading currencies rather then traditional equities.

StockFetcher Forums · General Discussion · keltner reversal/pullback<< >>Post Follow-up

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