Keltner Channel
Chester W. Keltner (1909-1998) was a Chicago grain trader. He worked with successful traders who back-tested trading systems. He talked about Ten-Day Moving average trading rule in his book 'How to Make Money in Commodities' in 1960. He did not claim that he invented the strategy so origin of this idea is uncertain. But people started referring it as Keltner channel after the book. There are two versions of Keltner channel. First is explained by Keltner in his book, and the other one is a modified version. I will use 10-day period to explain the indicator. It can be calculated using any other period. First format: There are three parts of Keltner channel explained by Keltner in his book: 1-ATP 2-Range 3-Channel ...