VR Donchian Lite is a classic Donchian Channel.

Its main advantage is that it is based on classic trend definition rules. 

Upward trend rule - new local highs and lows exceed the previous ones.

Downward trend rule - new local highs and lows are lower than the previous ones.

In all other cases, the movement is considered uncertain or flat.

Advantages

• One of the most accurate means of determining trend and flat movements
• Correctly programmed channel algorithm
• No redrawing
• No channel shift by bars as in similar indicators
• Efficient display of potential stop loss and take profit levels