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Donchian Channels System - indicator for MetaTrader 5
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- 13115
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- Published:
- 2014.03.06 14:29
- Updated:
- 2017.05.11 11:27
The indicator implements a breakthrough system using Donchian_Channels.
When price exits the gray channel, the candlestick color changes to the color corresponding to trend direction.
Green for the growth of a financial asset, orange color - fall. Bright colors denote coincidence of trend direction and direction of a candlestick. Dark colors correspond to the situation when the direction of a candlestick is opposite to trend.
Figure 1. Donchian_Channels_System
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/2099
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