The VTS Keltner Signal indicator for Metatrader 5 generates solid trend trading signals mainly based on the Keltner indicator and a dots trading system.
It gets displayed on the main chart as green and violet colored dots along with colored lines that can help you to position dynamic stop loss placement.
The indicator operates similarly to the VTS Bollinger Band signal indicator.
How to identify buy and sell trends with this tool?
- Green colored VTS Keltner dots mark a buy trend.
- Violet colored VTS Keltner dots mark a sell trend.
The following indicator inputs and parameters can be modified: Keltner period, deviation, and price.
The indicator signals work for any trading instrument supported by the Metatrader 5 charting platform.
Familiarize yourself with this technical indicator and test it first on a demo account for an extended period.
Scalpers and day traders can maximize their profit potential by employing the VTS Keltner Signal indicator during the London and American trading hours.
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VTS_Keltner.mq5 Indicator (MT5)
Chart Example
The picture below illustrates what the VTS Keltner Signal indicator looks like when applied to the MT5 chart.
How To Buy And Sell Currency Pairs With The VTS Keltner Signal Indicator?
Find a simple trading strategy below:
Buy Signal
- The appearance of the green colored VTS Keltner dots signal a buy trade.
- Open a buy market order and place a stop loss below the purple colored lines.
- Exit the buy trade when the violet colored dots (sell signal) get displayed on the chart.
Sell Signal
- The appearance of the violet colored VTS Keltner dots signal a sell trade.
- Open a sell market order and place a stop loss above the green colored lines.
- Exit the sell trade when the green colored dots (buy signal) get displayed on the chart.
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VTS_Keltner.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the VTS_Keltner.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration