A trend indicator drawn on the basis of the advanced Keltner channel.

Indicator input parameters:

//| Indicator input parameters        |
input Smooth_Method MA_Method1=MODE_SMA;  // Averaging method
input uint Length1=100;                   // Moving Average smoothing depth
input int Phase1=15;                      // Moving averages parameter
input Smooth_Method MA_Method2=MODE_JJMA; // Candlesticks size averaging method
input uint Length2=20;                    // Averaging candlesticks depth
input int Phase2=100;                     // The parameter of smoothing candlesticks size
input double Deviation = 2.0;             // Coefficient of channel expansion
input uint Smooth=20;                     // Smoothing period

input Applied_price_ IPC=PRICE_CLOSE;     // Price constant
input int UpLevel=+50;                    // Upper level
input int DnLevel=-50;                    // Low level
input int Shift=0;                        // Horizontal shift of the indicator in bars

The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article “Averaging price series for intermediate calculations without using additional buffers”.


MT5 Indicator – Download Instructions

i-KlPrice is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

i-KlPrice provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install i-KlPrice.mq5?

  • Download i-KlPrice.mq5
  • Copy i-KlPrice.mq5 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on i-KlPrice.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator i-KlPrice.mq5 is available on your Chart

How to remove i-KlPrice.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Click here below to download MT5 Indicator:


Trade With Lowest Spreads
Previous articleDisparity Index
Next articleRenko