Forex Clean Keltner Channel Scalping Strategy
Forex Clean Keltner Channel Scalping Strategy — a MetaTrader 4 indicator kept in the Old Kings collection. As the name suggests, the idea behind it is Keltner channels, price channels and short scalping trades. Its source code uses moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example Time Frame (default current time frame), MA PERIOD (default 14) and MA MODE (default 3). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 7 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Clean Keltner Channel Scalping Strategy
Forex Clean Keltner Channel Scalping Strategy is an indicator for MetaTrader 4 based on Moving Average and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 40 settings, such as Time frame, Ma period and Ma mode. MQL source code included.
Files in the download: Deep Bar Indicator.ex4, installation manual.txt, Keltner Channel Intraday.tpl, Keltner Channels F1 mtf 2.03 nmc.ex4, Keltner Channels F1 mtf 2.03 nmc.mq4, Keltner Channels F1 MTF nmc [bot14].ex4, Keltner Channels F1 MTF nmc [bot14].mq4, PivotsD_v5 (Black).ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | current time frame | Period or timeframe used by the calculation |
| Ma period | 14 | 34; |
| Ma mode | 3 | |
| Price mode | 0 | |
| Atr period | 21 | Period or timeframe used by the calculation |
| K | 0.628 | |
| Atr mode | false | |
| Length | 5 | |
| Price | 0 | |
| Phase | 100 | |
| Interpolate | true | |
| Multi color | true | Colour on the chart |
| Show arrows | true | |
| Arrows on jurik | true | |
| Arrows identifier | jurik arrows | |
| Arrows up color | Blue | Aqua; |
| Arrows up width | 5 | |
| Arrows dn color | SaddleBrown | Magenta; |
| Arrows dn width | 3 | |
| Alerts on | true | Turn this alert on or off |
| Alerts on current | false | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Indicator on | TRUE | |
| Use for forex | TRUE | |
| Use day formula | TRUE | |
| Exit period choices | M1, M5, M15, M30, H1, H4, D1 | Number of bars in the calculation |
| Exit if period greater than | H1 | Number of bars in the calculation |
| _ | ||
| Part 1 | Day Candle & Session Box Settings: | |
| Show day candle | TRUE | |
| Shift day candle right | 49 | Bar shift (0 = current bar) |
| Show today box | TRUE | |
| Today box color | C'0x1E,0x21,0x24' | Colour on the chart |
| Show yesterday box | TRUE | |
| Yesterday box color | C'0x14,0x12,0x29' | Colour on the chart |
| __ | ||
| Part 2 | Pivot Line Start/Stop Settings: | |
| Note1 | Start with fullscreen lines, enter \'1\' |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Scalping · Channels & Envelopes · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code