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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.