Keltner Trend Pro
- Indikatoren
- Yuri Congia
- Version: 1.51
Keltner Trend Pro - Unleash the Power of Price Action!
Are you ready to transform your trading approach? Meet Keltner Trend Pro, an Expert Advisor meticulously crafted to harness the dynamic movements of the market using the renowned Keltner Channel and Average True Range (ATR) indicators.
Limited-time Special Opportunity:
Note: This offer is available solely to the first 10 purchasers. Don’t miss out on this one-of-a-kind chance!
Key Features:
Keltner Channel Analysis:
The Keltner Channel isn't just another indicator; it's an envelope of Moving Averages that adapts to market conditions. Keltner Trend Pro leverages this potent tool to identify trends and potential reversals.
ATR Volatility:
Average True Range (ATR) plays a pivotal role in adjusting the width of the Keltner Channel, reflecting the instrument's volatility. Low ATR values indicate consolidation, while high ATR values signify strong trends.
Price Action Mastery:
Bid farewell to complex indicators. Keltner Trend Pro excels in Price Action Trading, focusing on the raw movement of prices and candlestick patterns to pinpoint trading opportunities.
What Sets Keltner Trend Pro Apart?
Price Action Trend Following:
This Indicator is a master at tracking Price Action Trends. It analyzes candlestick patterns and price shifts in real-time, executing buy or sell orders swiftly when opportunities arise.
Take control with Keltner Trend Pro Parameters
HISTORY : The number of bars to consider for history. Choose from:
- 288: D1/M5
- 576: D2/M5
- 864: D3/M5
- 1152: D4/M5
- 1440: D5/M5
INDICATOR :
-
FastTimeFrame: Timeframe for fast moving average. Default: PERIOD_CURRENT
-
SlowTimeFrame: Timeframe for slow moving average. Default: PERIOD_CURRENT
-
Interpolation: Interpolation method. Default: Intp0
-
FastLength: Period for the fast moving average. Default: 13
-
SlowLength: Period for the slow moving average. Default: 55
-
FastMethod: Method for calculating the fast moving average. Default: MODE_LWMA
-
SlowMethod: Method for calculating the slow moving average. Default: MODE_LWMA
-
FastPrice: Applied price for the fast moving average. Default: PRICE_CLOSE
-
SlowPrice: Applied price for the slow moving average. Default: PRICE_CLOSE
-
FastShift: Shift for the fast moving average. Default: 0
-
SlowShift: Shift for the slow moving average. Default: 0
-
FastATRperiod: Period for the fast ATR (Average True Range). Default: 255
-
SlowATRperiod: Period for the slow ATR (Average True Range). Default: 255
-
FastKoef: Coefficient for the fast Keltner Channel. Default: 2.618
-
SlowKoef: Coefficient for the slow Keltner Channel. Default: 3.323
INDICATOR COLOR :
- OverBT: Color for overbought levels. Default: clrDarkOrange
- OverSD: Color for oversold levels. Default: clrDodgerBlue
- OverSize: Size of the indicator levels. Default: 8
- ChartAboveInduk: Indicator placement, true for above the chart. Default: true
BUTTON STYLING
- buttColor: Text color for the button. Default: clrAqua
- buttSize: Text size for the button. Default: 10
- backColor: Background color for the button. Default: clrCrimson
- axisX: X-axis position of the button. Default: 0
- axisY: Y-axis position of the button. Default: 345
- buttCorner: Base corner for the button. Default: CORNER_LEFT_UPPER
- buttWindow: Window in which the button appears. Default: 0
- buttName: Text for the button. Default: "KeltnerTrendPro"
Entry Logic with Indicator Colors:
Let's delve into the entry logic of the Keltner Trend Pro indicator using the colors you've chosen:
Keltner Channel Colors:
- Line Above (OverBT): Dark Orange ( clrDarkOrange )
- Line Below (OverSD): Dodger Blue ( clrDodgerBlue )
Entry Logic:
Buy Signal:
-
Price Crosses Above OverBT (Dark Orange):
- When the price crosses above the upper Keltner Channel line ( OverBT ), which is indicated by dark orange, it suggests a potential buy signal.
- This signifies that the price is breaking above the upper channel, potentially indicating an uptrend.
-
Confirmation with ATR and Color:
- Look for a simultaneous increase in the ATR (Average True Range) period ( FastATRperiod and SlowATRperiod ).
- If the ATR values are high and the upper line of the Keltner Channel (dark orange) widens, it further confirms a strong trend.
- When the upper Keltner Channel line (dark orange) widens due to higher ATR values, it suggests a potential opportunity to enter a buy trade.
Sell Signal:
-
Price Crosses Below OverSD (Dodger Blue):
- When the price crosses below the lower Keltner Channel line ( OverSD ), which is indicated by dodger blue, it suggests a potential sell signal.
- This signifies that the price is breaking below the lower channel, potentially indicating a downtrend.
-
Confirmation with ATR and Color:
- Look for a simultaneous increase in the ATR (Average True Range) period ( FastATRperiod and SlowATRperiod ).
- If the ATR values are high and the lower line of the Keltner Channel (dodger blue) widens, it further confirms a strong downtrend.
- When the lower Keltner Channel line (dodger blue) widens due to higher ATR values, it suggests a potential opportunity to enter a sell trade.
Summary:
- Buy Signal: Price crossing above the upper Keltner Channel line ( OverBT - Dark Orange), accompanied by a widening of the channel due to increased ATR.
- Sell Signal: Price crossing below the lower Keltner Channel line ( OverSD - Dodger Blue), accompanied by a widening of the channel due to increased ATR.
These color-coded signals provide visual cues for potential entry points based on the Keltner Channel's upper and lower lines, along with confirmation from ATR. It's a way to visually interpret the strength of potential trends and volatility in the market
Advanced Risk Management:
- Trailing Stop: Secure your profits with a Trailing Stop that adjusts to market conditions.
- Personalized Risk Settings: Set MaxDrawdown, MaxLoss, and Stop Loss (SL) levels to protect your capital.
- Trade Hours: Define your preferred trading hours with StartHour and EndHour settings.
Commission-Friendly:
Optimized for Low Costs: Keltner Trend Pro considers commission fees, ensuring your trading costs are kept in check.
Broker Recommendations:
For optimal performance, we recommend regulated brokers with low spreads and minimal slippage. Find a broker that complements Keltner Trend Pro's strategy for the best results.
VPS Compatibility:
Ensure uninterrupted trading with a Virtual Private Server (VPS). Keltner Trend Pro operates seamlessly on VPS services, maintaining a stable connection and minimal latency.
How to Get Started:
- Purchase Keltner Trend Pro today and be among the first to benefit from our exclusive offer.
- Customize the parameters to match your trading style and risk profile.
- Install Keltner Trend Pro on your MetaTrader 4 platform and watch as it identifies lucrative trading opportunities.
Disclaimer:
Before using any Indicator, it's crucial to understand its logic and conduct thorough testing on a demo account. Trading carries risks, and past performance does not guarantee future results. Make informed decisions and trade responsibly with Keltner Trend Pro.
Seize Control of Your Trading Journey with Keltner Trend Pro!
Don't wait for success; create it with Keltner Trend Pro. Revolutionize your trading strategy today and unlock the potential of Price Action Trading.
