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Keltner X2 Channel Extreme Signal Indicator For MT4

    The Keltner X2 Channel Extreme Signal indicator for Metatrader 4 draws the Keltner bands on the chart and provides extreme buy/sell signals.

    The indicator appears on the main chart as two outer bands and a middle band and draws colored extreme buy and sell signals.

    A buy signal occurs when price exceeds the outer upper Keltner band while a sell signal occurs when price exceeds the outer lower Keltner band.

    It can be used as a breakout technical indicator.

    General Information

    • Based on Keltner bands
    • Extreme buy/sell signals
    • Easy to trade with
    • Works for any trading instrument
    • Does not repaint
    • Developed for Metatrader 4

    Free Download

    Download the keltner-x2-mtf-tt-indicator.mq4 indicator file (MT4)

    Indicator Chart Example

    The picture below shows the Keltner X2 Channel Extreme Signal Forex indicator attached to the Euro / U.S. Dollar daily chart.

    How to use this Forex indicator?

    This Forex indicator can be used in multiple ways, find an example below:

    Buy Signal:

    • Open a buy trade as soon as the orange colored buy zone appears on the chart.
    • Place stop loss below the middle Keltner band.

    Sell Signal:

    • Open a sell trade as soon as the blue colored sell zone appears on the chart.
    • Place stop loss above the middle Keltner band.

    How to install the Keltner X2 Channel Extreme Signal indicator to the Metatrader 4 platform?

    • Download the keltner-x2-mtf-tt-indicator.mq4 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