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Keltner Channel Intraday – Forex Trading System (With Source Code)
Included Files:
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
Manual: Not included
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
