Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2016.11.02 17:39
Indicators

Donchian Channel MTF - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
2167
Rating:
votes: 13

The multitimeframe version of Donchian channel.

The Donchian channel is an indicator used in market trading developed by Richard Donchian. It is formed by taking the highest high and the lowest low of the last n periods. The area between the high and the low is the channel for the period chosen.

The deviation from the classical highest high/lowest low channel is that Donchian channel is shifted by one period. That shift allows it to have signals (when either the upper or the lower band is broken by the close price it is considered to be a signal for long or short).



Stochastic of RSX Stochastic of RSX

Stochastic that is using RSX as an input for calculations.

Stochastic of Adaptive Smoother Stochastic of Adaptive Smoother

Adapting is done using standard deviations.

Tushar Chande's DMI Tushar Chande's DMI

Dynamic Momentum Index

RSX Variation RSX Variation

This version of RSX allows you to use instead any momentum length.