Keltner Channels Metatrader 4 Indicator

Keltner channels, 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

Download the Keltner Channels Metatrader 4 indicator.

Configurable Indicator Options

TimeFrame, Length, MA_Type, Shift, Price, TimesATR

GBP/USD Daily Chart Example