Donchian Oscillator

[Apprentice]

This oscillator is based on written request.
In this oscillator, we use two Donchian channels, Fast and Slow.

HHF=highest high(fast)
HHS=highest high(slow)
LLF=Lowest low (fast)
LLS=Lowest low (slow)


HHFS = HHF- HHS (blue)
LLFS = LLF – LLS (red)

It have Averaging and Components Sum option.

DNCO.lua

(3.19 KiB) Downloaded 1301 times

[GBitaly]

thanks for the work
I have tested it in a graph of 60min setting Fast 6 Slow 48 and avg 5 it goes well

but its necessary a little change
HHFS = HHS -HHF
LLFS = LLS - LLF
in up trend the indicator gives the end of trend of LOW and the begin of trend of HIGH

I believe that the component sum of HHFS+LLFS in not correct because must goes from positive to negative value and viceversa
I think that the sum must be plot with HHFS and LLFS

thanks in advance

[Apprentice]

Update

[GBitaly]

very good
I preferred with the sum plotted with HHFS and LLFS but there isn't
I attempt to attach an image to see the result but I don't succed

[Apprentice]

Like This.

DNCO.lua

(3.21 KiB) Downloaded 1814 times

[sdcasper]

was wondering how i can download application. saw it on an fxcm seminar.

[Apprentice]

I'm not sure what you mean by application.

If you are talking about the trading platform.
You can download it here.
http://www.forexmicrolot.com/forex-soft ... wnload.jsp

Instructions on how to download and load indicator can be found here.

viewtopic.php?f=17&t=17

[momo721]

Hi there,
I successfully loaded donchin indicator into FXCM platform. But, I see indicator data only as separate chart. No price channels show on the candels chart. Any suggestions?

[Apprentice]

This is a case of identity swap.
The indicator can be found here.
viewtopic.php?f=17&t=20&p=5334&hilit=donchian#p5334

This oscillator is written upon request.

[momo721]

Great, this one works just fine. thank you and Merry Xmas to U.