Name: VR Donchian Lite MT5
Rating: 4.041666666666667 (22 reviews)
Author: Vladimir Pastushak

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Published by:

Vladimir Pastushak

Views:

7175

Rating:

(22)

Published:

2018.12.18 19:22

VR Donchian Lite.mq5 (12.71 KB) view

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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

VR Donchian Lite is a simple classic version of VR Donchian indicator published on the Market for MetaTrader 4 and MetaTrader 5

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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