Technical Indicators for MetaTrader 5
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MetaTrader 5
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Overview
Keltner Channel Indicator
Keltner Channel is an oscillator like Bollinger Bands.
Keltner Channel is a very good tool to time entries for your strategy.
Keltner Channel displays a channel where price is supposed to stay unless we are in overbought or oversold situations.
Various strategies use Keltner Channel indicator successfully to spot overbought / oversold situations and look for reversals.
Keltner Channel indicator uses ATR to determine overbought and oversold situations.
Inputs of the indicator are:
- KeltnerPeriod: period to be used for the moving average calculation
- KeltnerDeviation: deviation to be used for calculation of upper and lower bands
- AtrPeriod: ATR period to be used for calculation of upper and lower bands
The Keltner Channel indicator can be used with any time frame.
It can be used with any class of assets: Forex, Stocks, Indices, Futures, Commodities and Cryptos.
Other indicators for MT4:
We developed more than 60 indicators and utilities for Metatrader 4 and Metatrader 5.
Indicators for MT5:
All our indicator are developed both for MT4 and MT5.
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