Introduction to the Jurik Keltner Channel Indicator
The Jurik Keltner Channel Indicator 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.
The Jurik Keltner Channel Indicator fits all kinds of timeframes and currency pairs. It is displayed directly on the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
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.
How to set up the Jurik Keltner Channel indicator in MetaTrader (MT4)?
Download the Jurik Keltner Channel.rar archive at the bottom of this post, unpack it, then copy and paste the Jurik Keltner Channel.ex4 or Jurik Keltner Channel.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The Jurik Keltner Channel indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.
Download Free Forex MT4 Jurik Keltner Channel Indicator
To download the Jurik Keltner Channel Indicator for Metatrader 4 (MT4) for free just click the button below: