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MetaTrader 5 Indicator | KeltnerChannelWithFlatZone

The main idea is to consider that the change of a trend is not MA crossing, but the output prices of a flat zone. In other words, in flat (perhaps more appropriately be called "dead") zone, deals are not concluded, which can serve as a kind of filter to filter out false crossings of the Moving Average.

MetaTrader Experts, Indicators, Scripts and Libraries

Recommendations:

  • Make sure that in the chart properties (F8) on "General" tab the check mark stands opposite to properties "Chart on top".
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