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Donchian Channels System - indicator for MetaTrader 5

Nikolay Kositsin | English Русский 中文 Español Deutsch 日本語 Português

votes: 28
2014.03.06 14:29
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

Figure 1. Donchian_Channels_System

Translated from Russian by MetaQuotes Software Corp.
Original code:

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