Summary of 🚀Keltner Channel Indicator for MetaTrader 4/5 -📥 Free Download – [TradingFinder]🚀
The video discusses the Keltner Channel Indicator for MetaTrader 4 and 5, available for download from the TradingFinder website. It explains how to install and use the indicator, which is based on moving averages and the Average True Range (ATR) to create price channels on trading charts.
Main Financial Strategies and Market Analyses:
- The Keltner Channel Indicator helps traders identify trends and potential entry points for trades based on price movements relative to the channel.
- Trading Strategy:
- In a bullish trend, buy when the price hits the lower channel.
- In a bearish trend, sell when the price hits the upper channel.
Methodology/Step-by-Step Guide:
- Download the Keltner Channel Indicator file from the TradingFinder website.
- Install the indicator on MetaTrader 4 or 5:
- Go to the Navigator section.
- Drag the indicator file onto the chart.
- Activate the "Allow DLL Imports" option in the common settings.
- Click "OK" to execute the indicator.
- Adjust settings in the input section:
- Set the exponential moving average period (default is 20).
- Modify ATR period and ATR multiple for channel drawing.
- Change channel and median channel colors as desired.
- Choose a custom template for the indicator:
- Options include auto, light, dark, and custom.
- Apply the selected template to the chart.
- Trade based on the indicator signals according to market trends.
Presenters/Sources:
Notable Quotes
— 00:00 — « No notable quotes »
Category
Business and Finance