Keltner Bands Stop and Supertrend Stop

Hi all,

I have modified the Igorad Bbands_stop_v3 Indicator .

Just change Standard deviation by average true range.

-DeviationLength = period of Average True Range

If you choose Ma_length = 1 and UpBandPrice =4 (medianprice) and LoBandPrice=4 : you have the Supertrend (O. Seban).

Hoping this indicator can help someone.

Regards.

Those indicators (#KBands_Stop_v3.0 indicator from previous post and BBands_Stop_v3.0 from this post) look like same ones but in case of manual trading - #KBands_Stop_v3.0 indicator may be more accurate - we can see from the image :



Indicator on separate window is bbsqueeze_advanced from this post.

In case of supertrend settings

If you choose Ma_length = 1 and UpBandPrice =4 (medianprice) and LoBandPrice=4 : you have the Supertrend

so it looks very good :

especially with high timeframe (H4 or D1 for example together with bbsqueeze_advanced with MACD settings for example).

Here are xSupertrend indicator which is different from jnrtrading version of supertrend. The indicator used the formula :

UpperLevel=(High+Low)/2+Multiplier*Atr(Period);
LowerLevel=(High+Low)/2-Multiplier*Atr(Period);

Three indicators of xSupertrend post here, normal xSuperTrend, XSuperTrend candles and xSuperTrend Tape on subwindow.

xSuperTrend in action.

Originally Posted by sohocool

Hi all,

I have modified the Igorad Bbands_stop_v3 Indicator .

Just change Standard deviation by average true range.

-DeviationLength = period of Average True Range

If you choose Ma_length = 1 and UpBandPrice =4 (medianprice) and LoBandPrice=4 : you have the Supertrend (O. Seban).

Hoping this indicator can help someone.

I just love this indicator. I'd like to see a version that colors the bars like TTM_nonlag Bars or a like histogram like AdaptiveParabolllic Histo_v2 to be able to visually even easier filter trends. Cause it really looks like a good trendfilter.

Well... exactly like xSupertrend I guess.

If you choose Ma_length = 1 and UpBandPrice =4 (medianprice) and LoBandPrice=4 : you have the Supertrend

Ma_length=1 but for the best entry - we need 21 for D1 timeframe for example (or more):

If we use Ma_length=11 so we can use it for scalping for example:

Indicator is still working with very accurate way -

The concept of volatility in the financial market is very important to understand and to make it work in your favor when you are trading in the market. The main purpose of this article is to help you save time by providing you with many test results for trading systems based on the concept of volatility using the Keltner Channel technical indicator to find out how it can work as part of your complete system to measure volatility or take action under certain conditions concerning this important concept.

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