Keltner Channel Intraday MT4 (Source Code)

Keltner Channel Intraday MT4 (Source Code)

$5.00

It works like a magic!

As a trader, I found this tool useful for spotting market trends and making informed decisions. The real-time data and clear chart patterns help identify potential trade opportunities.

Christina K

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Content: Indicators: Deep Bar Indicator.ex4, Keltner Channels F1 MTF 2.03 nm.c.mq4, Keltner Channels F1 MTF nmc [bot14].mq4, PivotsD_v5 (Black).mq4 (Unlocked-Source Code), Template: Keltner Channel Intraday.tpl, NO MANUAL.

Overview:
The Keltner Channel Intraday is a simple and effective intraday forex trading system. It helps you catch market swings—both up and down—with the help of a clean chart and minimal indicators. Even beginners can follow this system without feeling overwhelmed.

This system uses three key indicators:

1. Keltner Channel

A channel-based indicator that includes three bands moving with price action. Though the colors may vary, its main use is to show trend direction and possible breakout zones.

2. Stars (Buy/Sell Signals)

  • Blue Star: Buy signal

  • Yellow Star: Sell signal
    These stars appear directly on the chart, making entries easy to spot. For better results, always trade with the trend.

3. Deep Bar Indicator

  • Blue Bars: Show bullish pressure

  • Pink Bars: Show bearish pressure
    This indicator acts as a confirmation tool for the stars, helping you filter out false signals.

✅ Buy Setup (Long Entry):

  • Trend must be upward

  • A blue star appears below the candle

  • Blue bars form on the Deep Bar Indicator

  • Enter long trade

  • Place stop loss below the recent swing low

  • Exit trade when a yellow star appears

❌ Sell Setup (Short Entry):

  • Trend must be downward

  • A yellow star appears above the candle

  • Pink bars form on the Deep Bar Indicator

  • Enter short trade

  • Place stop loss above the recent swing high

  • Exit trade when a blue star appears

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