PZ Keltner Channel MT4

Kelter Channel is a technical indicator designed to find overbought and oversold price areas, using a exponential moving average and ATR. And it implements a particularly useful twist: you can plot the bands of a higher timeframe in the current chart. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

• Find overbought and oversold situations
• Read data from higher timeframes easily
• The indicator displays data at bar opening
• The indicator is non-repainting

Trading implications are simple.

• Look for shorts when the price exceeds the upper bands.
• Look for longs when the price falls below the lower bands
• Dive into lower timeframes without losing values!