Donchian

VR Donchian Lite MT5 – indicator MetaTrader 5

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VR Donchian Lite MT5 - indicator for MetaTrader 5
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 … Read more

Donchian channel – extended – indicator MetaTrader 5

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Donchian channel - extended - indicator for MetaTrader 5
Theory : The Donchian channel is an indicator used in market trading developed by Richard Donchian. It is formed by taking the highest high and the lowest low of the last n periods. The area between the high and the low is the channel for the period chosen.  Donchian Channel Formula The upper band is … Read more

Donchian channel – extended, multi time frame version – indicator MetaTrader 5

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Donchian channel - extended, multi time frame version - indicator for MetaTrader 5
Theory : The “regular” version, with detailed description was posted here : Donchian Channel – Extended . This version is adding multi time frame property to the indicator Usage : It can be used the same way as the original. Multi time frames are having, apart from all the standard multi time frames that can … Read more

Donchian Channel Scalping Strategy EA – EA MetaTrader 4

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Donchian Channel Scalping Strategy EA - expert for MetaTrader 4
ATTENTION: Updated to version 2 with few more settings Lot size computation methods Possibility to enable different trailing stop strategies To be optimized for your specific needs, account and trading strategy. A Donchian Channel Strategy breakout EA. Best results at H1. Strategy and input parameters fully described in the video here below So far it … Read more

Donchian Channel for beginners by William210 – indicator MetaTrader 5

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Donchian Channel for beginners - Terminal
Hello I wanted to redo the Donchian Canal as simply as possible The simpler it is, the less resources it takes. The more complex the piping, the more it becomes clogged, too  For all traders who would like this indicator on their charts For all developers who would like a simple or basic code to … Read more