Plots nicely on the FX pair. Set step to 12 for H4. On M1 set it to 6. I also put the Keltner Channel alerts on it to confirm entries and off you go. Nice to trade, especially for those who do not day trade but also to point out direction. Also quick and easy to draw S/R lines in the right places.
No need to follow Keltner alerts only. Sometimes also watch out for the break of the bullish area (blue) to the downside and vice versa for the upside.
What do you think?
Does not work on Indices like this. Maybe one of our skilled coders can have a look at it please?
Hama Averages (Thank you mrtools)
viewtopic.php?p=1295482560#p1295482560
Keltner Channels alerts (that was a long time ago, almost forgot about it)
viewtopic.php?p=1295470846#p1295470846
Example of an M5
Or you can remove the Keltner channel and use the ForexMT4 systems_TR2. Trade the breaks of Hama Averages or if the ForexMT4 systems TR2 has been established for a while one may also consider (like me) to trade the pullbacks.
