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Color Donchian Channel

This indicator draws the Donchian Channel, filling the background with colors. The color of the middle line is changed following the current trend, based on the standard interpretation of the Donchian Channel.


Input Parameters:

  • Period of the Channel (default is 20)
  • Validate Signals (boolean value to filter out false breakouts, default is false)
Background Settings
  • Show Background (default is true)
  • Uptrend Color (default is DodgerBlue)
  • Downtrend Color (default is Orchid)
  • Background Transparency (default is 90%)



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