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Formula: Keltner Bands

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The Keltner Bands have been added to the Bulls ‘n Bears to integrate the advanced capabilities of the Bulls ‘n Bears with the Keltner Bands. By doing so, we now have the ability to throw buy/sell signals, using a combination of the Bulls ‘n Bears red/yellow/green light system to the Keltner Bands.

A buy signal is generated when a price bar closes above the upper Keltner Band, also, that bar, along with any subsequent bar that closes above the upper Keltner Band is colored green.

A sell signal is generated when a price bar closes below the lower Keltner Band, and, that bar, along with any subsequent bar that closes below the upper Keltner Band is colored red.

A neutral market, according to the Keltner Band, is identified by price bars that close between the upper and lower bands, and are colored yellow.