Introduction to the Keltner Channel With Alert Indicator
The Keltner Channel With Alert Indicator is a dynamic volatility-based channel indicator that was originally created by Chester W. Keltner. That gauge can be used for trend following or counter-trend trading. That particular variation additionally gives alerts when a signal occurs.
The Keltner Channel With Alert 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.
Check charts of the Keltner Channel With Alert Indicator in action.
This is an example of an alert displayed within its window.
These are available settings.
How to set up the Keltner Channel With Alert indicator in MetaTrader (MT4)?
Download the Keltner Channel With Alert.rar archive at the bottom of this post, unpack it, then copy and paste the Keltner Channel With Alert.ex4 or Keltner Channel With Alert.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.
Summary Of That Forex Indicator
The Keltner Channel With Alert 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 MT4 Keltner Channel With Alert Indicator
To download the Keltner Channel With Alert Indicator for Metatrader 4 (MT4) for free just click the button below: