Best indicator for entry and exit
Classic Keltner Channel
Or CKC. ⭐⭐⭐⭐⭐
This indicator works depending on the classic ten-day moving average rule described by Chester W. Keltner (1909–1998). All parameters are set to the classic version of the Keltner system by default, while the user can change them if he wants.
- Try Demo before you buy: https://www.mql5.com/en/market/product/47130
- Read CKC Manual: https://www.mql5.com/en/blogs/post/736577
- CKC Expert Advisor Example: https://www.mql5.com/en/blogs/post/734150
About Keltner Channel Formula
- Calculate the Center Line as a simple moving average from the Typical Price (= (High + Low + Close) / 3).
- Calculate The Average Daily Range (ADR) which is the average difference between high and low, with the same period and calculation method for the center-line.
- Keltner Buy Line = Center Line + ADR.
- Keltner Sell Line = Center Line – ADR.
Keltner 10 day moving average rule
Keltner formula leads to create two basic lines on the chart
- Keltner Buy Line. This is the line where you cover your sell position and go to buy.
- Keltner Sell Line. This is the line where you cover your buy position and go to sell.
CKC Expert Advisor Example:
Read the next blog to see how to use CKC buffers to build your own EA or scanner:https://www.mql5.com/en/blogs/post/734150
By using those two lines we got trading rules that depend on the "Start and Reverse" principle that is widely used in technical analysis.
- When the price line closes above the Keltner Buy Line (the red line) then buy. Use Keltner Sell Line (the blue line) as a stop and reverse from buy to sell.
- When the price line closes below the Keltner Sell Line (the blue line) then sell. Use Keltner Buy Line (the red line) as a stop and reverse from sell to buy.
CKC Features
- CKC does not repaint or recalculate its results.
- It works on cryptocurrencies, stock, index, oil, gold, and on all time frames.
- Sound, email alerts and Mobile Notification.
- Buy, sell arrows to help to identifying trend signals.
- Well-designed parameters to help the user easily navigate between them.
- Buffer to build your own expert advisors.
- Four different color lists to choose from.
CKC Parameters
(1) INDICATOR PARAMETERS
- CKC Candles. The number of candles used in bands calculations (default is 10 candles).
- CKC Range Multiplier. How much far will the Keltner Buy/Sell line separate from their Center Line (default is 1.0).
- CKC Moving Average Method. Moving Average type used in calculations (Simple Moving Average is the default).
- CKC Applied Price. Price used in Keltner Center Line Calculations (Typical Price is the default).
(2) ALERTS
- Sound Alert. Choose to use or stop alert sound and message (default is true).
- Send Email. Option to send an email to the user (default is false).
- Send Mobile Notification. Option to send a mobile notification to the user (default is false).
(3) INDICATOR STYLE
- Chart Colors List. You can choose between four different color lists (default is Do Nothing).
- CKC Upper Band Color. Default is Red.
- CKC Lower Band Color. Default is Blue.
- CKC Width. Default is one.
I hope that CKC helps you with your trading. Please, contact me if you have any questions. I wish you good trading.
Enjoy the
game
Muhammad Al Bermaui, CMT
Video

Just bought this awesome indicator. Definitely an indicator you have to get. Thumbs up to for another great product. سلام

Very good indicator specially when you use it with TDO or ckc oscillators .High recommended .




Very good indicator, i want to use it with the TDO Oscillator. Very good support, very good products. I recommend it.


I teated demo ver.... The result is very nice. so, I puchased it. I respect this ind. work very good. Thank you, Professor~~ ^^

I have back tested this indicator for sometime using the Demo and it was GREAT!!! Now that I have the real CKC, can't wait to use this in my Live account. Thanks Muhammad!

This indicator keeps you in the game. Very easy to understand and I am already getting positive results. Thank you!

This is in my opinion ONE of the MUST have indicators for any traders in the Forex market. Very easy to use , No Repaint !!! Really great for any time charts. For the sideways market, use it with Support and resistance lines, very easy to trade. Highly recommended indicator 5 stars. well worth the 50USD. its a bargain at that price for what it offer to you.

Great indicator for fine-tuning your entries and exits in the trade. Five Stars!

A Great Indicator and Solid Strategy provided. Great Educator. Thank You Muhammad :)

The indicator is weak I do not recommend it and the seller is weaker also asked him to refund the money but did not respond to messages.
The new buffer is no. 2. It is called "BuySell". It works Like this:
1) If BuySell = +1 then buy
2) If BuySell = -1 then Sell
2. Added color lists, for a better chart view.
3. Enhanced all the alerts.
4. Arranged the inputs to be more user friendly.
5. Added buffers to indicator description.
.
Note:
I didn't make any changes on CKC basic formula. It is still the same.
I didn't make any changes in the indicator buffers.
Best out there!