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- Published:
- 2016.04.26 14:36
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Author: Luis Guilherme Damiani
Unusual approach to the Donchian Channels.

Unusual approach to the Donchian Channels.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/7270

The operation logic is as follows: Once a local maximum\minimum has been determined several horizontal lines will be drawn. The white one is an entry point, the following lines in its direction are targets. Naturally, the first one is the most reachable.... Red line is a stop line.

This indicator is a conversion of the Darma indicator set from MT3 to MT4.

The calculator estimates the value of one point of a currency pair and the maximum stop loss for the user-defined lot.

2 scripts for the analysis of trading results. Useful both for investors and traders.