Jurik Keltner Channel Indicator
Platform: MT4 Type: Channel Last update: September 23, 2024The Jurik Keltner Channel Indicator for MT4 is, as the name suggests, a combination of Jurik and Keltner Channel into one forex trading indicator. You can consider it as an enhanced version of Keltner Channel indicators. Trading rules are pretty obvious. Simply, look for buy trade opportunities when the price touches and rejects the lower band of the channel. Conversely, a sell trade occurs when the price touches and rejects upper band of the channel.
Example trade with the Jurik Keltner Channel Indicator
Below is the screenshot of an example trade with the Jurik Keltner Channel Indicator.
As you can see on the chart above, the price hit the upper band, and then a reversal candlestick pattern took place. Sell trade was triggered at the rejection of that upper band and is valid till the price is below the middle line of the channel.
