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AlchemyMidKeltner (Function)

AlchemyMidKeltner function returns the Mid Keltner. Keltner Channel is a channel that is based on a multiple of average true ranges above and below a moving average. KeltnerChannel is most commonly used with studies or strategies that measure or take advantage of market volatility. It is similar in concept to the BollingerBand function.

AlchemyMidKeltner (FirstBar, Price, Len)

Parameters

FirstBar	Specifies the bar number of the first bar calculated
Price	Specifies a numeric expression representing the price of a bar to be averaged (that is, Close, Open, Volume, and so on)
Len	Specifies the period of time (in bars) over which an average for the Mid Keltner will be taken

Returns

The function returns a numeric value containing the mid Keltner Channel value for a specified bar.

Usage

Keltner Channel is a channel that is based on a multiple of average true ranges above and below a moving average. KeltnerChannel is most commonly used with studies or strategies that measure or take advantage of market volatility. It is similar in concept to the BollingerBand function.

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