Donchian Channel

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Donchian Channel

Postby Apprentice » Thu May 07, 2015 3:53 am

eurusd-h1-ads-securities-llc.png

DESCRIPTION:
This indicator displays a simple marker of the Highest High in the last few periods, and the Lowest Low in the last few periods. Usually this indicator is configured to use 20 periods. Center line displays average between highest high and lowest low. Dochian Channel Indicator is useful because previous highs and lows usually show significant resistance to further currency price movement.

CALCULATION:
UP(N) = MAX(HIGH, N)
DOWN(N) = MIN(LOW, N)
DNC(N) = (UP(N) + DOWN(N)) / 2
DNC.mq4
(2.23 KiB) Downloaded 1592 times

DNC Percentage.mq4
(2.27 KiB) Downloaded 1315 times

It shows the position of price within Channel.
DNC Bandwidth.mq4
(2.33 KiB) Downloaded 1337 times
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Apprentice
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Re: Donchian Channel

Postby EAMONN » Mon Oct 26, 2020 11:12 am

Hi

New member here.

Would it be possible to extend the High, Low, and median lines of the Donchian channel as a ray or by N number of candles to the right

Cheers

Eamonn.
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Re: Donchian Channel

Postby Apprentice » Tue Oct 27, 2020 7:23 am

Your request is added to the development list.
Development reference 2227.
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Re: Donchian Channel

Postby EAMONN » Sat Oct 31, 2020 12:44 am

XAUUSDWeekly.png
HI Mario

thank you very much for the new indicator its exactly what I requested.

Unfortunately it works on some time frames but not on others see attachment

Cheers

Eamonn.
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Re: Donchian Channel

Postby EAMONN » Sat Oct 31, 2020 1:46 am

Thank you Mario

since my last message I have tested on Strategy Tester and the indicator seems to work correctly for a while and then plot the horizontal ray lines at an angle.

Cheers

Eamonn.
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Re: Donchian Channel

Postby EAMONN » Thu Nov 05, 2020 7:11 am

Hi

the new extended Donchian indicator isn't working properly

Eamonn. ;)
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Re: Donchian Channel

Postby Apprentice » Fri Nov 06, 2020 3:07 am

Your request is added to the development list.
Development reference 2262.
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Re: Donchian Channel

Postby Apprentice » Fri Nov 06, 2020 3:33 am

image.png

I don't have any issues
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Re: Donchian Channel

Postby EAMONN » Fri Nov 06, 2020 6:22 am

Thank you Mario

with the greatest respect that is isn't what I'm looking for
Capture1.PNG


This is , Horizontal lines coming from the high low and median thank you

Cheers

Eamonn.
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Re: Donchian Channel

Postby Apprentice » Sat Nov 07, 2020 6:27 am

Your request is added to the development list.
Development reference 2267.
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Apprentice
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