KeltnerChannelWithFlatZone - MetaTrader 5 Script - MT4/MT5 Resources
The main idea is to consider changes in trend not as crossings of moving averages, but as output prices in flat areas. In other words, in flat areas (perhaps more appropriately called "dead zones"), trades don't get made, and this can act as a filter for false moving average crossovers.
suggestion:
Attachment download
📎 keltnerchannelwithflatzone.mq5 (7.45 KB)
Source: MQL5 #1270
KeltnerChannelWithFlatZone - MetaTrader 5 script usage and filtering recommendations
KeltnerChannelWithFlatZone - MetaTrader 5 script is a resource related to trading scripts. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Focus on spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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