Keltner Bands are standard deviation based channels
that often provide support/resistance at the channels or the center
line. Keltner Bands are an excellent analytical trading tool to
determine support and resistance levels in trending markets and
to identify support/resistance levels and breakouts of congestion
ranges. A Keltner Band is based on a 45-day moving average (day,
week, month, intraday price bar, etc.), and a standard deviation
move away from the 45-bar based on the average true range.
Keltner Bands with the timing of cycles, the Bressert Double Stoc,
and other technical indicator gives you price objectives for tops
and bottoms, and support and resistance levels for trend reversals.
The accuracy of top and bottom identification is greatly increased.