Skip to content

Keltner Channels Metatrader 4 Indicator

    Keltner channels for MT4, described by Chester W. takes a very similar approach as the popular Bollinger Bands indicator.

    It is composed of 3 moving averages, the middle line and two lines below and above the middle line moving average.

    General Assumptions

    BULLISH: Keltner channels slope UP
    BEARISH: Keltner channels slope DOWN


    Download the Keltner Channels.mq4 indicator.

    Configurable Indicator Options

    TimeFrame, Length, MA_Type, Shift, Price, TimesATR

    GBP/USD Daily Chart Example


    How to install the Keltner Channels custom indicator in Metatrader 4?

    • Download the Keltner Channels.mq4 indicator to your computer.
    • Open your Metatrader 4 platform.
    • Open the data folder from the top menu.
    • Open the MQL4 folder.
    • Open the indicators folder.
    • Paste the indicator file in this folder.
    • Restart the trading platform.
    • Open any trading chart.
    • Attach the indicator to the chart.