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Keltner Band (Upper) Indicator

Keltner Bands, also known as Keltner Channels, were developed by Chester Keltner and introduced in his book "How To Make Money In Commodities".  Keltner bands are similar to Bollinger Bands, however, instead of using band violations as a signal to counter trend, he intended the violation as a confirmation of a breakout to the upside or downside.  A penetration of the lower band was considered a short signal and a penetration of the upper band is considered a long signal.

See Also

Keltner Band (Upper) Developer Help

Keltner (Lower)