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Keltner Channel 2.0

Metatrader Indicator (MT4)

  • Overview

    Kelter Channel is a technical indicator designed to find overbought and oversold price areas, using a exponential moving average and ATR. And it implements a particularly useful twist: you can plot the bands of a higher timeframe in the current chart.

    • Find overbought and oversold situations
    • Read data from higher timeframes easily
    • The indicator displays data at bar opening
    • The indicator is non-repainting

    Trading implications are simple.

    • Look for shorts when the price exceeds the upper bands.
    • Look for longs when the price falls below the lower bands
    • Dive into lower timeframes without losing values!
  • Input parameters
    Input parameters

    When loading the indicator or EA to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

    Timeframe
    Timeframe to calculate the keltner channel from
    EMA Period
    Moving average period to build up the channel
    ATR Period
    ATR Period to calculate the bands
    Multiplier 1
    Multiplier for the first band
    Multiplier 2
    Multiplier for the second band
    Multiplier 3
    Multiplier for the third band
  • ? FAQ
    Does the indicator repaint?
    No, it does not!
    Can I see data from other timeframes?
    Yes, you can! Load the indicator and select a higher timeframe from the input parameters. You can, for example, see the H1 bands inside a M15 chart.

Screenshots

Keltner Channel Indicator for Metatrader
Keltner Channel Indicator for Metatrader
Keltner Channel Indicator for Metatrader
Keltner Channel Indicator for Metatrader
Keltner Channel Indicator for Metatrader
Keltner Channel Indicator for Metatrader
Keltner Channel Indicator for Metatrader