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Keltner Channel Pro Strategy

Keltner Channel Pro is a volatility indicator that has been modified to show entry opportunities more clearly. The following description, h...

Keltner Channel Pro is a volatility indicator that has been modified to show entry opportunities more clearly. The following description, how to download and install it on MT4. An alternative volatility indicator besides Bollinger Bands is the Keltner Channel, which has already been used in the stock and commodity markets. Compared to Bollinger Bands which rely on standard deviations, the Keltner Channel takes the ATR calculation as a measure of price volatility. In addition, Keltner Channel displays tend to be denser than Bollinger Bands, making it easier for traders to take signals from closing prices outside the channel. So besides showing price volatility, this MT4 indicator that you can get for free can identify potential entry points from volatility signals and the direction of price trends. Characteristics of the Keltner Channel Pro Indicator: Platform: MT4 Pair: All forex pairs (major pair recommended) Trading time: Can be anytime Timeframe: M5 to D1 Description of the Keltner Channel Pro Indicator The Keltner Channel Pro indicator consists of 3 dynamic bands that make up the price channel. The uppermost (upper band) is a broken line, followed by a middle band that can change color, depending on the direction of current price movements (blue for uptrend and pink if downtrend), then terminated by lower bands appearing as white lines at the bottom . Keltner Channel Pro is also equipped with an asterisk that can be used as a potential entry signal marker. In the chart above, a blue star appears when the middle band is blue and marks the beginning of an uptrend, so it can be interpreted as a buy signal. On the other hand, red stars identify sell signals because they appear after the price transitions towards downtrend.
Trading rules Keltner Channel Pro Strategy
There are several trading rules with the Keltner Channel Pro indicator
Open Sell if: Channel price moves down Middle pink band Appears red star Open order sell should be done at the next candle, after red star appears.
Open Buy if: Channel price moves up Blue midle band A blue star has appeared The buy order should be placed on the next candle, after the blue star has appeared.
This indicator also provides an automatic alarm system to help you recognize the signal more actually. This warning will appear when there is a signal crossing and works well in all timeframes.
How to Install the Keltner Channel Pro Indicator in MT4
1. Download the Keltner Channel Pro indicator here 2. Extract the indicator file that you have downloaded 3. Open MT4 4. Select the File menu, then open the Open Data Folder 5. You will be directed to the MetaQuotes 6 terminal Find the folder where you saved the extracted Keltner Channel Pro file 7. Open the Keltner Channel Pro folder -> MQL4 -> Indicators 8. Copy the indicator file contained in the Indicators folder 9. Return to the MetaQuotes terminal 10. Select the MQL4 folder -> Indicators 11 Paste the Keltner Channel pro indicator file in the Indicators folder 12. Close the MetaQuotes and MT4 terminals 13. Reopen the MT4 platform 14. In the Navigator window, look for the Keltner Channel Pro indicator 15. Drag and drop the indicator on chart 16. Check the Allow DLL Imports section , then click OK
In the pictures Keltner Channel Pro Strategy.
 Keltner Channel Pro Strategy

 Keltner Channel Pro Strategy

 Keltner Channel Pro Strategy

 Keltner Channel Pro Strategy

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