Keltner & Price Action - MT4

Keltner Channels are volatility-based envelopes set above and below an exponential moving average. This indicator is similar to Bollinger Bands, which use the standard deviation to set the bands. Instead of using the standard deviation, Keltner Channels use the Average True Range (ATR) to set channel distance. The channels are typically set with two Average True Range values above and below the 20-day EMA. The exponential moving average dictates direction and the Average True Range sets channel width. Keltner Channels are a trend-following indicator used to identify reversals with channel breakouts and channel direction. Channels can also be used to identify overbought and oversold levels when the trend is flat.

This is a trading system that can be used on any pair. Simply place it on the chart, and follow the signal.

It consists of multiple strategies which you can choose from. It also includes trading filters such as Smart Mode, which allows you to filter trades based on Support and Resistance zones, Moving Averages, ADX, and Future Trend Predictor.

Quick Video Tutorial: https://youtu.be/MV5ZehMLp7A

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