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Metatrader 5 Indicators | Donchian Channels System | MetaTrader Tool

New free code from MQL5: indicators, EAs, and scripts for traders.

The indicator implements a breakthrough system using Donchian_Channels.

When price exits the gray channel, the candlestick color changes to the color corresponding to trend direction.

Green for the growth of a financial asset, orange color - fall. Bright colors denote coincidence of trend direction and direction of a candlestick. Dark colors correspond to the situation when the direction of a candlestick is opposite to trend.

Trade the powerful Traders Dynamic Index strategy automatically with this dedicated TDI Expert Advisor. More details.

Figure 1. Donchian_Channels_System

Figure 1. Donchian_Channels_System

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