Donchian Channel of RSI

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Re: Donchian Channel of RSI

Postby Apprentice » Fri Mar 01, 2019 5:30 am

Try to open it on some other computer, browser...
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Re: Donchian Channel of RSI

Postby SpLiFT » Mon Mar 04, 2019 4:01 am

Hi Apprentice,

It worked on another computer, thank you!

Is there a way to disable the candles and leave only the channel on?

Finally, would it be possible to do this for MT4 as well, please?

Thanks for all the help!
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Re: Donchian Channel of RSI

Postby Apprentice » Mon Mar 04, 2019 6:04 am

Your request is added to the development list under Id Number 4500

"Nothing" option added for RSI Type
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Re: Donchian Channel of RSI

Postby SpLiFT » Mon Mar 04, 2019 9:03 am

Thanks! You and the team are the best :)
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Re: Donchian Channel of RSI

Postby Alexander.Gettinger » Tue Mar 05, 2019 6:49 pm

SpLiFT wrote:Finally, would it be possible to do this for MT4 as well, please?


Please try this indicator:
Donchian_Channel_of_RSI.mq4
(3.98 KiB) Downloaded 60 times
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Re: Donchian Channel of RSI

Postby SpLiFT » Thu Mar 07, 2019 5:44 am

Hi Alex,

Thanks for posting this indi, but I was hoping you could make the attached one for MT4 with the option of having the DC period set to 1 (on the High and Low of the RSI candle alone).

Would you be able to do this, please?
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Donchian Channel on RSI Candle.lua
(9.98 KiB) Downloaded 49 times
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Re: Donchian Channel of RSI

Postby Alexander.Gettinger » Mon Mar 11, 2019 1:17 pm

SpLiFT wrote:Hi Alex,

Thanks for posting this indi, but I was hoping you could make the attached one for MT4 with the option of having the DC period set to 1 (on the High and Low of the RSI candle alone).

Would you be able to do this, please?

Please try this indicator:
Donchian_Channel_of_RSI_Candle.mq4
(5.97 KiB) Downloaded 57 times
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Re: Donchian Channel of RSI

Postby SpLiFT » Mon Mar 18, 2019 5:31 am

Hi Alex,

I'm afraid this is not the same as the .lua indicator shared by Apprentice.

What the MT4 version does is that it plots a High and Low channels on two different RSIs: one with RSI period set to High and another RSI with the same period set to Low.

What we need is to have only one RSI value with a period (for example 14) set to Close. Then, the High and Low channels (basically, a Donchian Channel set to period 1) should be drawn based on the Highest and Lowest values that the RSI 14 Close has reached during each single candle before closing (once it closes the usual RSI line is drawn).

Would you be able to code that? I hope I made it clear but let me know if it's not and I'll show you a comparison between the Marketscope and MT4 indicators.
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Re: Donchian Channel of RSI

Postby Apprentice » Sat Mar 23, 2019 3:15 am

I've compared the output, is the same.
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