Donchian Oscillator

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Donchian Oscillator

Postby Alexander.Gettinger » Mon Nov 01, 2010 11:39 pm

If Close>max of previous [Period] Bars Oscillator=1
If Close<min of previous [Period] Bars Oscillator=-1

For current bar close price equivalent bid or ask.

DonchianOscillator.png


MT4/MQ4 version
viewtopic.php?f=38&t=64177

The indicator was revised and updated
Attachments
Donchian_Oscillator.lua
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Last edited by Alexander.Gettinger on Tue Nov 02, 2010 1:33 am, edited 1 time in total.
Alexander.Gettinger
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Re: Donchian Oscillator

Postby Alexander.Gettinger » Mon Nov 01, 2010 11:45 pm

Multitimeframe Donchian Heat Map.

EURUSD H1 (01-30-2017 1256).png


For work this indicator must be installed Donchian Oscillator.
Attachments
Donchian_Oscillator_Heat_Map.lua
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Re: Donchian Oscillator

Postby sedraude » Tue Nov 02, 2010 3:13 am

Hi Alexander

Thank you for your awesome indicator. Can you modify this indicator like this:

Middle Donchian Channel Period 1 > Middle Donchian Channel Period 2 = Blue/Up
Middle Donchian Channel Period 1 < Middle Donchian Channel Period 2 = Red/Down

NB. We use only middle Donchian Channel [(High+Low)/2].

Thank in advance
sedraude
 
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Re: Donchian Oscillator

Postby Apprentice » Mon Jan 30, 2017 7:43 am

Indicator was revised and updated.
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