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Home Collection Envelope Indicators Keltner Channel Cl Version
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Keltner Channel Cl Version

Keltner Channel CL Version Indicator is a popular and useful forex indicator for the MT4 platform. It is free to download and can help traders identify potential trend reversals. The indicator works by plotting bands around a simple moving average, allowing traders to gauge volatility and market strength. It can be used in conjunction with other technical analysis tools to make informed trading decisions.

Indicator Type

Leading

Trading Style

Beginner

,

Intraday

Timeframe

H1-H4

,

M15-M30

Platform

MT4

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Description

The Keltner Channel CL Version indicator is a useful tool for forex traders using the MT4 platform. This popular indicator is often used to help identify trends and potential trading opportunities. It is free to download and easy to use, making it a valuable addition to any trader’s toolbox. The Keltner Channel CL Version indicator works by plotting a channel around a simple moving average, showing potential areas of support and resistance. Traders can use this information to help determine entry and exit points for their trades. By analyzing the width of the channel, traders can also gauge market volatility and adjust their trading strategy accordingly. To use the Keltner Channel CL Version indicator, simply add it to your MT4 chart and adjust the settings to suit your trading style. Keep an eye on how price interacts with the channel boundaries to make informed trading decisions.

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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:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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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