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Keltner Bands Stop and Supertrend Stop

This is a discussion on Keltner Bands Stop and Supertrend Stop within the Trading tools forums, part of the Trading Forum category; Hi all, I have modified the Igorad Bbands_stop_v3 Indicator . Just change Standard deviation by average true range. -DeviationLength = ...

      
   
  1. #1
    Junior Member sohocool's Avatar
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    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.


    Keltner Bands Stop and Supertrend Stop-supertrend.gif
    Keltner Bands Stop and Supertrend Stop-keltnerbands.gif
    Attached Files Attached Files
    Last edited by sohocool; 04-13-2013 at 04:53 PM.

  2. #2
    Administrator newdigital's Avatar
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    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 :

    Keltner Bands Stop and Supertrend Stop-eurusd-d1-ibfx-inc.png

    Indicator on separate window is bbsqueeze_advanced from this post.
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  3. #3
    Administrator newdigital's Avatar
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    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 :

    Keltner Bands Stop and Supertrend Stop-eurusd-d1-ibfx-inc-2.png



    Keltner Bands Stop and Supertrend Stop-eurusd-d1-ibfx-inc-3.png


    especially with high timeframe (H4 or D1 for example together with bbsqueeze_advanced with MACD settings for example).
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  4. #4
    Senior Member matfx's Avatar
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    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.

    Keltner Bands Stop and Supertrend Stop-xsupertrend_dark.png

    Keltner Bands Stop and Supertrend Stop-xsupertrend_light.png
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  5. #5
    Senior Member matfx's Avatar
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    xSuperTrend in action.

    Keltner Bands Stop and Supertrend Stop-eurusdm30_xsupertrend.png

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    Quote Originally Posted by sohocool View Post
    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.

  7. #7
    Administrator newdigital's Avatar
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    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):

    Keltner Bands Stop and Supertrend Stop-xauusd-d1-alpari-limited.png


    Keltner Bands Stop and Supertrend Stop-eurusd-d1-alpari-limited.png


    Keltner Bands Stop and Supertrend Stop-eurusd-d1-alpari-limited-2.png
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  8. #8
    Administrator newdigital's Avatar
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    If we use Ma_length=11 so we can use it for scalping for example:

    Keltner Bands Stop and Supertrend Stop-eurusd-m1-alpari-limited-2.png
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  9. #9
    Administrator newdigital's Avatar
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    Indicator is still working with very accurate way -

    Keltner Bands Stop and Supertrend Stop-eurusd-d1-alpari-international-limited.png


    Keltner Bands Stop and Supertrend Stop-xauusd-m1-alpari-international-limited.png
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