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This Moving Average indicator uses the Keltner Channel in addition to Jurik moving averages to produce powerful trend trading signals. If you are a forex trend trader, then this indicator is ideal for you.
The flexible parameters can help you tailor it to your needs and the insight provided for different strategies will help your trading.
The best trading strategy using Keltner Channel with Signals Indicator?
The best trading strategy using Keltner Channel with Signals Indicator is to buy when the price breaks out of the upper band (Keltner Channel) and sell when the price breaks out of the lower band. You can also place stop losses at those bands.
Jurik moving averages are a new way to calculate the standard moving average. Unlike the standard moving average, this method does not lag in order to produce a smoother line of data. This allows for a more accurate representation of the data and less noise.
The indicator generates a SELL signal if the Jurik Moving average changes color from Blue to Magenta. Furthermore, the price also should be lower than the midline and the lower line of the Keltner channel.
Alternatively, the indicator generates a BUY signal if the Jurik Moving average changes color from Magenta to Blue.
The Jurik Moving Average is calculated by taking the average of the last 5 days of trading prices for a given security or currency.
Example
Consider a down trend with a rally to the upside. As the trend continues to the downside, traders expect the lower lows.
The trader can place a Stop loss below the previous swing low or the lower Keltner channel line.
The indicator provide visual signals and supports both new and experienced traders to make decisions on trade opportunities in the current trend.
Warning
– Please be careful when using this indicator. It is not a “get rich quick” scheme.
– Please ensure that you fully understand the risks involved in trading before using this indicator.
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