Keltner Channel

Keltner Channel - Keltner Channel is an advanced technical analysis method, which uses an upper and lower band to indicate a ten-day moving average around typical market price. A close around the upper band to signify a bull market and close around the lower band is to signify a bear market. This analysis technique named for Chester Keltner, although it is uncertain he was the actually the originator of the idea. The trading strategy is to regard a close above the upper line as a strong bullish signal, or a close below the lower line as strong bearish sentiments, and buy or sell.