How to create algo for Keltner Channel trading System?
How to create algo for Keltner Channel trading System?
In this episode , we are going to learn how to code Keltner Channel trading System.
Let’s get into the set-up.
Condition:
This is a slightly complicated strategy, we will be using Keltner Band Code to take buying, selling, shorting and short covering decisions. Keltner Band is kind of similar to Bollinger band in structure, but parameters are different.
Buy: When high of the candle crosses Keltner Top Band
Short: When Keltner Bottom Band crosses low of the candle
Sell: When Keltner Mid Band crosses low of the candle
Cover: When high of the candle crosses Keltner Mid Band