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BeST Keltner Channels Strategies MT5

BeST_Keltner Channels Strategies is an  MT5  Indicator based on the original Keltner Channels Indicator and it can display in the Chart all the known Variations of Keltner Channels and also the corresponding 10 totally Strategies
Every such generally consists of a Central Moving Average Line and two Boundary Bands at a distance above and below it and can be traded mainly in a Trending Mode but also in a Ranging ReEntry Mode. 

BeST_Keltner Channels Strategies Indicator

  • Draws definite Buy/Sell Arrows and Exit Signals
  • Draws always only after the bar closing and so is non-repainting and non-backpainting
  • Displays the corresponding Keltner Channels Variations 
  • Displays a real-time updated Info Comment Table
  • It can be used as a standalone Trading System
  • Has fully customizable colors, sizes & distances of all Chart objects
  • Implements all MT5 Alerts for the Entry and Exit Signals

Inputs


Basic Settings
 
Select Keltner Channels Type
  • Original for Keltner’s default settings.
  • RaschkeModification for Linda Raschke’s modification.
  • PruittHillModification that is based on “The King Keltner Trading Strategy” as described in the book 'Building Winning Trading Systems with TradeStation' by G. Pruitt and J. R. Hill.
  • TurtlesDailyModification that is based on a variation used by the legendary Turtle Traders and that is presented by Curtis Faith in his book 'Way Of The Turtle'.
  • NoATRChannels  for any modification that do not use ATR for constucting the boundary Bands and that is used only in Ranging ReEntry Strategies.
  • ATRChannels for any modification that uses ATR for constucting the boundary Bands and that is used only in Ranging ReEntry Strategies.     
Select Current Market Type
  • Trending - for all Trending Strategies.
  • Ranging - for all Ranging Strategies of ReEntry Type.It can be used only for NoATRChannels or ATRChannels 
Select Keltner Channels Strategy
  • Classic_ReverseMode: already selected  Keltner Channels Type = Original and Current Market Type = Trending
  • Classic_WithOppositeBandExit: already selected Keltner Channels Type = Original and Current Market Type = Trending
  • Classic_WithMovAvgExit: already selected Keltner Channels Type = Original and Current Market Type = Trending
  • Raschke_WithMovAvgExit: already selected Keltner Channels Type = RaschkeModification and Current Market Type = Trending
  • PruittHill_WithMovAvgExit: already selected Keltner Channels Type = PruittHillModification and Current Market Type = Trending
  • TurtlesDaily_WithMovAvgExit: already selected Keltner Channels Type = TurtlesDailyModification and Current Market Type = Trending
  • ReEntry_WithOppositeBandExit: already selected Keltner Channels Type = NoATRChannels or ATRChannels and Current Market Type = Ranging
  • ReEntry_WithMovAvgExit: already selected Keltner Channels Type = NoATRChannels or ATRChannels and Current Market Type = Ranging
Displaying Settings
  • Show Keltner Channels
  • Show Comments Info Table – Real time updated Infos about current position
  • Show Current Trade's Signal bar Vertical Line – for locating current trade’s   Entry Signal bar
  • Color of Vertical Line
  • Show Entry Price Level  
  • Buy Price Line Color
  • Buy Price Line Size
  • Sell Price Line Color
  • Show Entry and Exit Signals/Arrows
  • Show Chart Background Color Changes according to Trade Type
  • Chart Background Colors for Long/Short Trades and for Neutral Position
Every other selection  is related to the Keltner Channels parameters
  •  KC_Original Settings
  •  KC_Raschke's Settings
  •  KC_PruittHill Settings
  •  KC_Turtles-Daily Settings
  •  KC_NoATR Settings
  •  KC_ATR Settings

Alert Settings
– for controlling all MT5 Alerts


For EA Developers


Buy Arrow :             Buffer = 4
Sell Arrow :             Buffer = 5
Exit Long :               Buffer = 6
Exit Short :              Buffer = 7





























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