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- Published by:
- Vladimir Pastushak
- Views:
- 6443
- Rating:
- Published:
- 2018.12.18 19:22
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VR Donchian Lite is a classic Donchian Channel.
Its main advantage is that it is based on classic trend definition rules.
Upward trend rule - new local highs and lows exceed the previous ones.
Downward trend rule - new local highs and lows are lower than the previous ones.
In all other cases, the movement is considered uncertain or flat.
Advantages
- One of the most accurate means of determining trend and flat movements
- Correctly programmed channel algorithm
- No redrawing
- No channel shift by bars as in similar indicators
- Efficient display of potential stop loss and take profit levels
VR Donchian Lite is a simple classic version of VR Donchian indicator published on the Market for MetaTrader 4 and MetaTrader 5
MetaTrader 4 version
MetaTrader 5 version
Blog post (in Russian)
Blog post (in English)
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22383
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