Keltner Channel using ATR offset

[Maxlobster]

The YM pro I've seen use this indicator uses it on a 1hr and daily charts to show possible reversal areas.

I put ddPCChannel on a 60min of the YM and it's not quite the same indicator. Since you are adding/subtracting ATM*multiplier from the close of the bar, the top/bottom of the band channel should be equidistant from the close of the bar or the open of the bar that is being created in real time. You might have to base the bands on the open of the bar being drawn and not the close of the previous bar, don't know?

I really appreciate you taking the time to do this slsdoug.

Max

[Maxlobster]

Slsdoug, here's an image of the indicator for you to look at. I do believe that bands are calculated from the open of the bar being drawn:

[slsdoug]

Try this

Try this version.

[Maxlobster]

Nice Indicator!

Nice slsdoug, very nice. I'm going to apply this indicator to my trading and give it a test drive. I will share the strategy, well it's really the pros strategy I can't take credit for it, and the details of how the indicator worked with you.

Thanks so very much.

-Max