I noticed early on in this thread how no pm mentioned that he uses a calculator for the keltner range.
Before the open this morning, I ran up this really tiny and extremely simple Excel sheet to run the range and stop loss calculation. Had it running today alongside my order entry software.
I plan to improve it. Obviously it can round up or down for proper stop placement on the ES. I'm favoring rounding up, since the stops are tight, but I'll wait on input from no pm before playing with that. Meanwhile it's easy to do mentally.
A lot of other things can be done with it, and I'm certainly open to suggestions, or feel free to revise it yourself.
Just enter the top and bottom Keltner line figures, B5 and B6 (I was entering the numbers for the bar prior to the trigger bar, then revising them with the trigger bar numbers once it seemed it would hit). Then enter your entry price, either long or short, B10 or B12. Read the corresponding short or long stop to enter, B15 or B17. Round up or down to the nearest .25 as desired.
Very ugly and needs improvement, but it's a start, and simpler than using a calculator! Oh, it helps to keep the data window open in TS if that's what you're using. That way the numbers to input are right in front of you. A reminder, this is not essential to trading with this technique. It's just a convenience.
Mark
P.S. I've protected the cells containing formulas, so you can't accidentally click on them and mess it up. If you'd like to change anything, just unprotect the sheet via the tools menu. It's not password protected or anything. I can convert this to Works format if anyone needs it, but that's the extent of my ability to convert it to a different format, for the moment. Hopefully anyone who wants to run this has Excel.