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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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Timeframe On Chart
Paulo Henrique Da Silva
A simple indicator/tool to display the current timeframe in the center of the chart. The object is automatically moved to the center of the chart whenever the chart size is changed by the user. Input  Parameters : Font (default is Arial Black) Font Size (default is 50) Font Color (default is Silver, for light theme graphics, change to black or another dark color) Font Transparency (default is 90%)
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