Watch how to download trading robots for free

Find us on Facebook!
Join our fan page

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

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

DNC_Percentage.mq5 (10.12 KB) view

: Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

DNC Percentage oscillator displays a relative price position inside the Donchian channel in a separate window.

It has two configurable parameters:

Period - calculation period
Analyze current bar - consider the value of the current bar in calculations (Yes/No)

Calculation:

Percentage = ((Close - Bottom) / (Top - Bottom)) * 100.0

where:

Top    = Max(High, Period)
Bottom = Min(Low, Period)

Fig. 1. DNC Percentage

Fig. 2. DNC Percentage and Donchian channel

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22193

Effort_Result

Effort Result indicator

Hurst_Bands

Hurst Bands indicator

DNC_Bandwidth

DNC Band Width indicator

DNC

DNC indicator

DNC_Percentage - indicator for MetaTrader 5