Skip to content

Keltner Channel Forex Indicator For MT4

    The Keltner Channel indicator for Metatrader 4 draws a channel around the candlesticks that can be used for quick trade entries and exits.

    The indicator consists of two outer bands and a middle band.

    It’s quite easy to trade with this indicator, even for newbies.

    Generally speaking, when the bands are sloping up, the trend is considered bullish.

    When the bands are sloping down, the trend is considered bearish.

    Buy & sell signal:

    • A buy signal is given when the Keltner Channel bands are sloping up and price touches the lower channel band.
    • A sell signal is given when the Keltner Channel bands are sloping down and price touches the upper channel band.
    • Exit the trade at the opposite Keltner Channel band.

    From our testings, the indicator does not repaint and works for any currency pair and time frame without slowing down the trading platform.

    It can be used as a standalone technical tool or it can be combined with other technical indicators and trading strategies.

    Try first on a demo account until you fully understand how this indicator works!

    Free Download

    Download the keltner-channel.ex4 indicator file (MT4)

    Indicator Chart Example

    The picture above shows the indicator attached to the Euro / U.S. Dollar technical chart.

    How to install the Keltner Channel Forex indicator to your Metatrader 4 platform?

    • Download the keltner-channel.ex4 indicator file here and save it to your computer
    • Open your Metatrader 4 platform
    • Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
    • Click on “MQL4” and open the “Indicators” folder
    • Paste the indicator file in this folder
    • Restart Metatrader 4 and you’re ready to start using the indicator

    How to edit the indicator?

    • Attach the indicator to any trading chart of your preference
    • Right click in the chart and select “Indicators List” from the drop down menu
    • Select the indicator from the list and click on “Edit”
    • Now you can start editing the indicator (Inputs, Colors and Visualization)
    • Final step, click on the “OK” button to save the new configuration