Donchian Channel 3 (3 ways to display the trend)

Donchian Channel 3 (3 ways to display the trend)

This is the Donchian Channel indicator extended version.

You can choose to display the trend in 3 different ways:

  1. traditional one by applying the indicator directly onto the price chart to display the channel formed by the higher highs and lower lows
  2. as a normalized price oscillator with normalized boundaries at 1/-1 (calculated upon the last higher highs and lower lows)
  3. as a normalized price oscillator with dynamic boundaries

The current trend is displayed as a red/green plotted at zero level. The trend change each time the price broke the higher or lower boundaries of the donchian channel.

Indicator converted from mt4 code following a request made in the Italian indicator forum.

 

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. Sukhdev Golen • 24 days ago #

    Hi Nicolas, how to use this on tradingview?

    • Nicolas • 24 days ago #

      You can’t. All codes here are made for the ProRealTime trading platform:
      https://www.prorealtime.com

  2. Maxime Baudin • 16 days ago #

    Thanks!

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
Nicolas Use the color variables R and G to test if the trend is bullish (R=0) or bearish (R>0).
s00071609 Where can i find the syntax to test the colour of the line, I am calling the indicator value...
Nicolas You should open a new topic to discuss about the strategy and its coding.
supertiti Bonjour Anthon...y ? On est vraiment tout près de ce que propose Julien , sur sa dernière...
anthon Salut à tous et merci ! Content que les indicateurs vous plaisent . Abonnez vous à ma page y...
Varadero54 Bonjour Anthon ... pourrais-tu me communiquer l'adresse ou le nom de ta chaine YOUTUBE ... j...
HeikinAshi https://www.prorealcode.com/topic/ssl-channel/
jobswaps oyes aste uno de soportes y recistencias
jobswaps eso lo necesitamos
Nicolas
1 month ago
Jan Wind "There are two methods of using Kagi: We buy when there is a turnaround and sell when there...
Nicolas Thanks, let us know how it is going?
Jan Wind Hallo Nicolas, I have tested the pre-mentioned concept, and had to change the concept : ...
Alai-n @Vonasi Thanks
jiddan78 how to convert to afl amibroker ?
Nicolas We do not supply free coding assistance for AFL Amibroker on the website. You can ask for pa...
camporan You can use it 5M onwards, but the longer timeframe the more accurate it is. My preferred ar...
manchokcity can we have it in mql4 platform? or how or which platform do we use it?
camporan I don't use MetaTrader so I won't be able to do the translation myself. Sorry!
riz001 thnk u
geroniman bonjour Nicolas, j ai un indicateur le Tiger . J aiemrai placer des fleches buy et sell dire...
Nicolas Merci de formuler les demandes sur le forum. ça n'est pas le bon endroit et hors sujet ici ! ;)
GraHal Is there a switch to start / stop the Trailing SL / TP as when I GRAPH SL & TP neither a...
robertogozzi No GraHal, there's no topic open. It would be great if you could start one and post that lin...
GraHal Discussion Topic started here ... https://www.prorealcode.com/topic/discussion-re-auto-sy...
ggolfet I tried to use it (with prorealtime version 11 - end of day version). I receive an error mes...
Nicolas Try to reduce the displayed units of the chart. MaxScale should always be superior to Start...
ggolfet Thanks Nicolas, I imported the itf file and solved the problem.
swapping Excellent Nicolas ;)
Violet Hi Nicolas, There seems to be a small error in the code, which causes the channel not to...
Nicolas Hmm, I don't think so, otherwise the channel will have a moving start and not anchored anymo...
vandenacker THANKS A A LOT FOR SHARING. I like your trade. I try to remproduce your board but i dont arr...
umebon Tnx for sharing!! Can someone help me how i can call for the mydayhigh and mydaylow for to u...
LucioleLucide Clean view, thanks for sharing
winnie37 yes. "No ground breaking math here, but I am finding very useful and some algo based on it i...
Jan Wind Also interesting to know what does not work, which set up you use, saves me investigating ! ...
winnie37 i just set the proorder like this: buy when 50/100/200 phase >0 and sell when under 0, go...
Nicolas I don't know, that code is a 1:1 translation from another platform.
jm1111enator Hello Nicolas, Is this a conversion from Tradestation Easy Language? If so, do you have a ...
Nicolas Sorry I do not provide assistance for Tradestation code.
Vinks_o_7
5 months ago
Jan Wind fatcat, sorry to hear. Today I did run the code for 100.000 bars (from 17 dec 2017 till 31 ...
GraHal I confirm that I get almost exactly the same (+7 days difference now) results as Jan states ...
Jan Wind A discussion Topic is opened, and can be found at https://www.prorealcode.com/topic/di-tem...
Santi Salut, les amis. L'indicateur avec la nouvelle version de PRT 11 fonctionne très mal, ne fon...
oeil62 Bonjour quelles sont les valeurs des variables pour une utilisation journalière ? merci pour...
ALE As soon as the final version of ProRealtimeV11 is released, I will check for any changes to ...
dario ti Excellent, i was looking for something like that, but could be great if you add the option t...
DaxRider Thank U for ur sharing Vonasi
jandehaas Hello Vonasi, I tried it but it does not seem to work,any idea why ? Thanks,Jan defp...
dario ti Thank you!
Razz Hello Vonasi super indicator! is it possible to extend the indicator by the time scales M10 ...
Razz Hello Vonasi I found out myself how I can change it. Thanks again for the indicator
coscar Ottimo lavoro. come sempre!
luxrun Nello studio di Sepiashvili viene descritto anche un altro indicatore, il Q-indicator, che è...

Top