movAvg = Average(((High Low Close)/3),40)
upBand = movAvg Average(TrueRange,40)
dnBand = movAvg – Average(TrueRange,40)
liquidPoint = Average(((High Low Close)/3),40)
A long position will be initiated when today's movAvg is greater than yesterday's and market action >= upBand
A short position will be initiated when today's movAvg is less than yesterday's and market action <= dnBand
A long position will be liquidated when today's market action <= liquidPoint
A short position will be liquidated when today's market action >= liquidPoint
King Keltner Program
{King Keltner by George Pruitt—based on trading system presented by Chester Keltner}