Free Forex Indicators (MT4), Trend Following Indicators

Keltner Channel With Signals Indicator for MT4

The Keltner Channel with Signals Indicator is a popular technical analysis tool forex traders use to identify potential trading opportunities.

The indicator is based on the Keltner Channel, which is a volatility-based technical indicator that helps traders identify overbought and oversold conditions in the market.

Keltner Channel With Signals Indicator Overview

The Keltner Channel with Signals Indicator also incorporates signals to provide additional guidance for traders.

The indicator plots two outer bands above and below the moving average line, which represents the Keltner Channel.


When the price moves above the upper band, it indicates a potential overbought condition, while a move below the lower band suggests an oversold condition.

The middle line of the Keltner Channel represents the moving average, which provides an indication of the trend.

Keltner Channel With Signals Indicator Explanation

The Keltner Channel with Signals Indicator also generates signals based on the crossing of the price with the middle line or the upper and lower bands.

When the price crosses above the middle line, it generates a buy signal, and when it crosses below the middle line, it generates a sell signal.


Additionally, when the price crosses the upper or lower bands, it generates a potential reversal signal.

Overall, the Keltner Channel with Signals Indicator is a useful tool for forex traders who want to identify potential trading opportunities based on volatility and trend signals.

Also Read:

Keltner Channel With Signals Indicator: Buy Condition

  • The price should be trading above the Keltner Channel.
  • The price should cross above the midline of the Keltner Channel.
  • The green line should cross above the red line.
  • The arrow signal should appear on the chart, indicating a potential buying opportunity.

Keltner Channel With Signals Indicator: Sell Condition

Keltner-Channel-With-Signals-Indicator-Sell Signal
  • The price crosses below the lower channel line of the Keltner Channel, indicating a potential downtrend.
  • The signal line of the indicator turns red, confirming the bearish trend.
  • The histogram of the indicator turns negative, indicating a strengthening downtrend momentum.

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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