The Keltner Channel MetaTrader 4 Forex Indicator is programed on principles similar to those used in Envelopes and Bollinger Bands. The difference is in that instead of percentage (Envelopes) or standard deviations (Bollinger Bands), the average true range is used here. The upper band is set as the moving average plus the average, for N periods, true range. The lower band is the moving average minus the average true range.
The Keltner Channel Indicator – Download Instructions
In order to transform accumulated history data, you need to install a MetaTrader 4
The Keltner Channel – it is a MetaTrader 4 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.
Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.
How to install The Keltner Channel indicator for MetaTrader 4.mq4?
Download indicator for MetaTrader 4.mq4Copy The Keltner Channel to Directory / experts / indicators /
Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your mt5 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
Right click on The Keltner Channel for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
now indicator for MetaTrader 4.mq4 is available on your Chart
How to remove The Keltner Channel Indicator for MetaTrader 4.mq4 from your Metatrader 4 Chart?
Select the Chart where is the Indicator running in your Metatrader 4 ClientRight click into the Chart
“Indicators list”
Select the Indicator and delete.
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