The Keltner ATR Bands Indicator measures the highs and lows of the recent price range and forecasts the length of upcoming market momentums. You will get the best results trading with the Keltner ATR Bands during sideways market conditions.
Price hits the lower Keltner ATR Band
Bullish price action takes place
Price swings higher from recent low swing
Set stop loss a few pips below the last low point of the market
Take profit or exit trade whenever the price reaches upper Keltner ATR Band
Price hits the upper Keltner ATR Band
Bearish price action takes place
Price swings lower from recent high swing
Set stop loss a few pips above the last high point of the market
Take profit or exit trade whenever the price reaches lower Keltner ATR Band
The Keltner ATR Bands Indicator fits all kinds of timeframes and currency pairs.