I made some changes to it (made it new mt4 compatible and added alerts), and that is all. I am not the author of it (as it is visible in the code) and the way it calculates averages is completely different from the way I calculate averages (code wise - they could not be more different). Adding the averages that we use in that code is simply not possible - two different worlds
As of the rest (how it works and why : I am sorry but I do not use that indicator, and I can not help with details how it can be used fr different symbols or instruments
mladen, thank you, understood. Kiko
sorry for my many requests lately and thanks a lot for everything you are doing for us here in the Adv. Elite section.
You were so kind and coded this really useful indicator.
It draws lines with a specific distance with having the possibility to enter a starting price for those lines. It works perfectly.
I have one more tiny request
Would it be possible to add a dotted line or any type of line style in between those lines it is drawing?
E.g. in between 50 % of those lines? Or 75 % of those lines? Or any percentage? With the possibility to turn it on or off?
Please see picture below. It draws a line at 44,50 and one at 45,00.
I manually added the red dotted line at 50 % of those lines (44,75)
Would be awesome. A thousand thanks!
Hi, would you mind updating donchian channel 2.01 and donchian channel 3. Many thanks. Kiko
Here is this one first : donchian_channel_2.02.mq4
Can averages and prices be added to the rsi in this indicator ?
And can another version be made using a rsi in a keltner channel ?
Or even moving averages in a bollingerbands with averages if its better.
Here is this one too : donchian_channel_3.01.mq4
Usual choice of 18 prices added to the indicator : rsi__bollinger_bands_1.04_amp_lines__alerts__arrows_mtf.mq4
Can it be made with a moving average instead where you can choose the averages yourself, im trying to minimise the settings to get a more ''edgy/point'' result to hopfully get a pointing line that crosses the bands before a big breaks appear.
So im following the bands , if it breaks the upper i go for a buy.
Because of the way how deviations are calculated, added standard metatrader averages : rsi__bollinger_bands_1.05_amp_lines__alerts__arrows_mtf.mq4