The Keltner Channel With Signals forex MT4 indicator replaces the volatility bands with real trading signals.
This Metatrader 4 indicator makes it very easy for anyone to trade successfully with Keltner Volatility Channels.
A buy signal: blue star was drawn on the chart.
A sell signal: brown start was drawn on the chart.
The EUR/USD H1 chart below displays the Keltner Channel With Signals forex indicator in action.
Basic Trading Signals
Signals from the Keltner Channel With Signals forex indicator are easy to interpret and goes as follows:
Buy Signal: Open buy trade when a blue star was drawn on the chart.
Sell Signal: Open sell trade when a brown star was drawn on the chart.
Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (MA_period, MA_mode, Price_mode, ATR_period, K, MultiColor, arrows) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Volatility | Alerts
Copy and paste the keltner-channel-with-signals.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)