Introduction to the Keltner X2 MTF TT Indicator
The Keltner X2 MTF TT is a custom forex indicator that displays two Keltner Channel bands and the best fit for that gauge is a reversal strategy.
Due to applying these dual bands, a trading event happens that bands of one channel touch and cross through bands of the other channel.
You can call that situation an extreme or a breakout, and it is a sign that a reversal is underway.
When the buy signal occurs an area between bands will be colored to blue. Similarly, when the sell signal occurs an area between bands will be colored to orange.
It fits all kinds of timeframes and currency pairs.
The indicator is displayed in a separate window placed just below 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.
How to set up the Keltner X2 MTF TT indicator in MT4?
Copy and paste the keltner x2 mtf tt.ex4 or keltner x2 mtf tt.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 Keltner X2 MTF TT indicator is well worth adding to your trading collection but 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.
Keltner X2 MTF TT Indicator Free Download
To download the Keltner X2 MTF TT Indicator for Metatrader 4 (MT4) for free just click the button below: