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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
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    Last edited by sohocool; 04-13-2013 at 03:53 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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    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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    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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    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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  10. #10
    member mql5's Avatar
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    Building and testing Keltner Channel trading systems

    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.
    more...
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