keltner channels

[bskogz12]

working on a modified keltner strategy, what is the math step by step ninja uses

[NinjaTrader_Matthew]

Hello,

You can review the source code of the KeltnerChannel by going to Tools--> Edit NinjaScript--> Indicators--> KeltnerChannel

#region Variables
        private    int                    period                = 10;
        private double                offsetMultiplier    = 1.5;
            diff.Set(High[0] - Low[0]);
#endregion

protected override void OnBarUpdate()
        {

            double middle    = SMA(Typical, Period)[0];
            double offset    = SMA(diff, Period)[0] * offsetMultiplier;

            double upper    = middle + offset;
            double lower    = middle - offset;

            Midline.Set(middle);
            Upper.Set(upper);
            Lower.Set(lower);
    }