• Overview
  • Reviews (4)
  • Comments (8)
  • What's new

Donchian Channels Double

The Donchian Channels Double indicators is located in a separate window and can be an excellent guide for those who are familiar with Donchian channel operation technique. You can select any type of displaying or both types through loading the indicator in another window with a changed type of data display. Trading using Donchian channel involves searching a moment of the channel breakthrough which is properly demonstrated by the first display model. The second model analyzes a trend. The indicator's settings involve selecting of the data display model and number of bars used for calculation of the indicator. Richard Donchian recommended to use a period equal to 20, as it is an average number of business days in a month. That means that the indicator will analyze values of the last 20 bars and calculate minimum and maximum values which will be displayed as lower and upper borders. The period equal to 20 is convenient for creating the Donchian channel. Good results in plotting the Donchian channel have been also obtained with periods equal to 18, 24 etc. For example, Turtles used a period equal to 55. The system has to be backtested to calculate required periods. At that a minimum drawdown of assets is the criterion of optimization.


Indicator Parameters

  • Model - model of displaying the indicator's data. 1 - histogram, 2 - channel lines.
  • Period - number of bars used for calculation of the indicator.
  • max_bars - number of bars in calculation. 0 - the whole range.
Reviews 4
Aravind
7449
Aravind 2020.11.25 16:09 
 

Very good indicator.

Valentin Butorin
3959
Valentin Butorin 2020.10.17 06:23 
 

Perfect

bar Vladimir
543
bar Vladimir 2019.09.22 08:10 
 

Отличный индикатор!

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Shaheen Hassanali
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Valter Pegoraro
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Opengates Success International
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Pivots Dashboard
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Nesimeye Oswald
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Pairs Arbitrage Correlation
Pairs Arbitrage Correlation
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Williams Dashboard
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Pablo Mozo Bel
The Williams Dashboard is an information panel which allows you to have a global market vision through a Williams Percent Range. Williams Dashboard analyzes and tracks all the assets you want to invest in. Take advantage of this useful dashboard where you can open in a few seconds the chart and quickly invest in it. Main Features of Williams Dashboard Graphic panel that allows you to know the situation of many assets. 7 Different Williams Percent Range situations to discover when an asset is o
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FX Trend
FX Trend
Daniel Stein
You want to become a constantly profitable 5-star forex trader?  1.  Read the basic description of our simple trading  system  &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat FX Trend   displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long they last and how powe
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Best Currency Strength Indicator
Best Currency Strength Indicator
Tumelo Rakotsoane
Advanced Currency Strength Indicator The Advanced Divergence Currency Strength Indicator. Not only it breaks down all 28 forex currency pairs and calculates the strength of individual currencies across all timeframes , but, You'll be analyzing the WHOLE forex market in 1 window (In just 1 minute) . This indicator is very powerful because it reveals the true movements of the market.  It is highly recommended to  analyze charts knowing the performance of individual currencies or the countries ec
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Currency Relative Strength
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Ziheng Zhuang
This indicator shows the relative strength of 8 major currencies: USD, EUR, GBP, AUD, NZD, CAD, CHF and JPY. The strength value is normalized to the range 0-100: The value above 60 means strong. The value below 40 means weak.  This indicator needs the data of all 28 paris and 9 timeframes. Use the EA Downloadhistory28&9 to download data automatically. --> https://www.mql5.com/en/blogs/post/728216 Reference for calling it in EA :  https://www.mql5.com/en/blogs/post/730961 Inputs  (full scre
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Higher High Higher Close Lower Low Lower Close
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Mark Flint
The HHHC-LLLC indicator uses candle by candle analysis, based on the principle of trend confirmation from Higher High, Higher Close candles (bullish) and Lower Low, Lower Close candles (bearish). There is no lag, no re-painting, and averaging is not used. HHHC-LLLC helps confirm: market structure and levels - look left to see them line up trends, pullbacks & reversals Bull moves (blue), Bear moves (red) Structure Zig Zags (black dotted lines), for summarizing market moves exhaustion and stalling
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This indicator is a logical extension of the product at https://www.mql5.com/en/market/product/12526 . The only difference is that price movement is displayed using a histogram with levels, allowing to assess the direction and strength of the movement. How to interpret the signal: 0 - the middle of the channel; above 0.5 - the breakdown of the channel up; below -0.5 - the breakdown of the channel down. Both indicators are displayed in the attached screenshots. Install the indicator and you will
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The idea of the indicator stems from the necessity to clearly define the borders of support and resistance levels, which helps to plan the opening and closing of positions in the areas that most appropriately determine the process. Look at the breakdowns of the resistance level that confirm the intention of the price to continue the upward movement, after it passed the support level and entered the channel formed by the two levels. The same is for the case when the price enters the channel downw
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This is a prototype of the famous Control and management of transactions panel. There are two main differences: Allows to work with all the variety of financial instruments opened by a user and not only with instruments it was attached to; To activate levels of order closure hidden from a broker, it uses not lines but modifiable virtual levels. To enjoy the full functionality of the panel you are advised to have: Desk analytical table . Their combined operation allows to keep the situation under
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ZigZag Medvedev
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Valeriy Medvedev
The indicator is based on the two-buffer scheme and does not require any additional settings. It can be used on any financial instrument without any restrictions. The indicator is a known ZigZag, but it is not redrawn . The indicator allows to easy detect significant levels on the price chart, as well as demonstrates the ability to determine the probable direction of price movement. Indicator Parameters MinBars – amount of calculated bars, the default is 500. 0 - all bars. Constructive suggest
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Original background
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It is widely known that colors affect the emotional state of a human, especially if this human is a trader. Psychologists recommend that you follow your instincts and select the color of your environment that is most comfortable to you. In order to reduce emotional stress, impact of colors on a person should be considered. The optimal range of the most beneficial colors includes green, yellow-green and green-blue ones. This indicator allows you to manage your emotional state and health. Choose a
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Aravind
7449
Aravind 2020.11.25 16:09 
 

Very good indicator.

angel
188
angel 2020.11.25 04:28 
 

отличный индикатор 5 звезд

Valentin Butorin
3959
Valentin Butorin 2020.10.17 06:23 
 

Perfect

bar Vladimir
543
bar Vladimir 2019.09.22 08:10 
 

Отличный индикатор!

Reply to review
Version 1.2 2016.01.04
Added the indicator icon and designation.
Version 1.1 2015.07.02
Fixed an issue with histogram display during the first download.