keltner channel

Keltner Channel Explained

Technical Analysis, Technical Indicators / Steve Burns

Keltner Channels are a technical indicator shown visually as envelopes expressing the deviation in Average True Range on a chart both above and below an exponential moving average. It is very similar in principle to Bollinger Bands, which use standard deviations from a moving average to quantify the bands. The difference is that Keltner Channels […]

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Probabilities Of Price Action Inside Standard Deviations

Math, Technical Indicators / Steve Burns

Standard deviations are used to measure current price action in relation to the average price of a chosen time frame. The assumption in the use of a standard deviation is that over the long term historical prices are distributed inside a bell curve. Although at times there are ‘fat tales’ or ‘black swans’ in prices

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