FXCodeBase.COM: Forex Chart Indicators and Development

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


It shows the position of price within Channel.

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.

Your request is added to the development list.
Development reference 2227.

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.

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.

Hi

the new extended Donchian indicator isn't working properly

Eamonn.

Your request is added to the development list.
Development reference 2262.

I don't have any issues

Thank you Mario

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


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

Cheers

Eamonn.

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