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Although today they have been largely supplanted, like the other bands, by the triumphal march of Bollinger bands, they still have a certain significance for day trading. If the prices reach a Keltner band, then the market is usually in an overbought or oversold situation and you can predict whether a resistance or support line will hold or not.
A simple trading motive is to wait until the prices have reached a Keltner band and form a spike or a fractal there. The advantage here lies above all in the fact that you can work with very tight stops.
Hello! When invoking this robot by an Expert Advisor, how to pass custom parameters to it?
Thanks for the indicator. Is it possible to get the mq5 file for it? Thank you in advance.