Currently using it to identify stops not really as a buy/sell signal. Does anyone here have any experience using this vs. Bollinger Bands? How has it been for you?
I never use keltner channel, so i cant comment about it
But if ur strategy use a channel or band (i use BB to)
I think there is 3 scenario if price touch BB
Just 2 cent from novice
I never heard about Keltner channel. Would you please explain it first?
It’s basically like a BB but instead uses the ATR for the last 10 days and multiplies it by 2 - those serve as the upper and lower channels. Meanwhile BB uses standard deviation.
I know Tom Basso uses it in his trend following strategies. I have been looking into, but have not use them in a strategy yet. Looking to do some back testing 1st. Have you performed any back testing with KC bands?
The beginner's guide to FX trading