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Keltner Channel - MAMA version
Summary: Keltner channel using Mesa Adaptive Moving Average (MAMA).
Info:
According to Investopedia, “Keltner Channels are volitility based bands that are placed on either side of an asset's price and can aid in determining the direction of a trend.”
This indicator uses the Mesa Adaptive Moving Average as a base of calculation instead of the Exponential Moving Average (EMA) used in the standard Keltner Channel.
The parameters of the Keltner MAMA indicator can be changed by locating and opening the Javascript Code under Data Building Procedure -> Procedure Loop under ’Keltner MAMA’ Product Definition.
Products & Properties
The following properties are available to access:
| Product Name | Product Variable | Properties |
|---|---|---|
| Keltner MAMA | Keltner | MAMA, upper, lower |
Example:
A simple strategy could be built using the price action breaking through the upper threshold:
chart.at30min.candle.close > chart.at30min.Keltner.upper &&
chart.at30min.candle.open < chart.at30min.Keltner.upper &&
chart.at30min.candle.previous.close < chart.at30min.Keltner.previous.upper Maintainer:
Polus Data Mine — TOC
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2. Fisher MFI
5. Keltner Channel - MAMA version
6. Keltner Channel - EMA version
10. Volatility Adjusted Moving Average
12. Volatility Bands
13. Ehlers Signal-to-noise Ratio