BeST Keltner Channels Strategies MT5
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
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.
- Trending - for all Trending Strategies.
- Ranging - for all Ranging Strategies of ReEntry Type.It can be used only for NoATRChannels or ATRChannels
- 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
- 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
- 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
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Recommended TimeFrame >= H1. 100% Non Repainted at any moment. Use it carefully, only with Trend Direction. Trading Usage: 2 Variants: as Range System or as BreakOut System (Both Only With Trend Direction)::: (Always use StopLoss for minimise Risk);  as Range System: (Recommended) in UP TREND: - BUY in Blue Line , then if price goes down by 50 points (on H1) open Second BUY. Close in any Profit you wish: TrailingStop(45 points) or Close when Price touches upper Gold Line. in DOWN TR
This is an MTF indicator of support and resistance levels based on Advanced ZigZag Dynamic and/or Extended Fractals indicator extremums with price labels (can be disabled). More higher TFs can be selected for MTF mode. By default, the levels are generated based on ZigZag indicator dots. Fractals indicator dots can also be used together with ZigZag or instead of it. In order to simplify the use and save CPU time, calculation is performed once per each bar at its opening. Parameters ForcedTF - cha