VR Donchian Lite is a classic Donchian Channel.
Its main advantage is that it is based on classic trend definition rules.Â
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
VR Donchian Lite is a simple classic version of VR Donchian indicator published on the Market for MetaTrader 4 and MetaTrader 5
version
version
(in Russian)
(in English)
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