Keltner ATR Band is a free Metatrader 4 Forex indicator that can be used for both trade entry and exit or it can act as a digital bands filter.
The indicator gets displayed in the main MT4 chart window in the form of a white trend-following channel that reveals the major trend.
General Assumptions
- A rising Keltner ATR Band channel reveals a rising trend.
- A declining Keltner ATR Band channel reveals a declining trend.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Keltner_ATR_Band+mt4.mq4” indicator for MT4
Indicator Chart (EUR/USD H4)
The picture below shows the Keltner ATR Band mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Keltner ATR Band Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Keltner Channel
Does the indicator repaint? No.
Download Now
Download the “Keltner_ATR_Band+mt4.mq4” indicator for Metatrader 4
