SMC Donchian Keltner MTF Trend Painter

SMC Donchian Keltner MTF Trend Painter

The SMC Donchian Keltner MTF Trend Painter for MetaTrader 5 is a versatile trend indicator that combines Donchian and Keltner channels with a multi-timeframe EMA bias. It delivers a clear, multi-dimensional view of market trends and precise trading signals – ideal for both intraday and swing traders.

    Key Features:

    • Multi-Timeframe Trend Assessment: Candles are colored according to EMA bias from two timeframes (e.g., H1/H4), instantly showing the dominant market direction.
    • Keltner Channel Breakouts: Momentum breakouts are highlighted using Keltner channels on the fast timeframe.
    • Donchian & 200-SMA Filters: Optional Donchian confirmation and a 200-period SMA filter help tighten entries and filter ranging conditions.
    • Clean Chart Display: Candle colors (neutral/long/short) keep charts uncluttered; grid and volume bars are automatically hidden.
    • EA-ready: Long/Short signals are provided in separate buffers, ready for integration with Expert Advisors.
    • Flexible & Transparent: The rules are clear, supporting both discretionary and automated strategies.

    How does it work?

    The indicator generates trading signals based on EMA trend direction and Keltner breakouts. Optional filters (Donchian, 200-SMA) can be enabled for improved signal quality. Colored candles provide an instant overview of current market momentum.

    Disclaimer:
    This tool is for analysis and visualization only. It does not provide investment advice. Trading involves significant risk; loss of capital is possible. Past performance is not a guarantee of future results. Use this indicator at your own risk and seek independent advice if needed.


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