The Keltner ATR Bands indicator is a useful tool for forex traders using the MT4 platform. It is a popular indicator among traders because it helps identify potential trend reversals and breakouts in the market. The indicator is based on the Average True Range (ATR) volatility indicator and Keltner Channels, which helps traders establish strong support and resistance levels. The Keltner ATR Bands indicator is free to use and can be easily downloaded and installed on the MT4 platform. Traders can adjust the period settings of the indicator to suit their trading style and time frame. When the price moves above or below the bands, it can signal potential entry or exit points for trades. Additionally, the indicator can be used in conjunction with other technical analysis tools to confirm trading signals. Overall, the Keltner ATR Bands indicator is a powerful tool for forex traders looking to improve their trading strategies.
MT4
Keltner ATR Bands
Keltner ATR Bands indicator is a popular and useful forex indicator for MT4 that is available for free. This indicator combines two powerful technical indicators, the Average True Range (ATR) and the Keltner Channels, to provide traders with valuable insights into market volatility and potential price breakouts. Traders can use this indicator to identify potential entry and exit points in the forex market.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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