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Donchian Breakout Signals MT4

30 USD

Published: 29 May 2026

Current version: 1.0

Donchian Breakout Signals MT4

Indicators
Mattia Marco Platania
Mattia Marco Platania
Canada

7085
At MetaCoderStore, our goal is to build practical, clean, and reliable MetaTrader indicators that traders can actually use in live chart work. We focus on clear visual tools, useful inputs, and MT4/MT5 versions wherever possible.
Version: 1.0
Activations: 10

Paid release: Donchian Breakout Signals MT4 is a paid MetaCoderStore indicator. Use the product comments for setup questions, feature requests, and feedback for future updates.

Donchian Breakout Signals MT4 plots classic Donchian upper, lower, and middle channel lines, then marks confirmed breakout closes with optional arrows, alerts, and EA-readable signal buffers.

Use cases

Track breakout levels from the highest high and lowest low of the selected lookback period.
Spot bullish closes above the upper Donchian channel and bearish closes below the lower channel.
Filter signals by body close behavior and minimum candle body size relative to recent ATR.
Feed EAs, dashboards, or scanners with stable signal, width, and quality buffers.

What it shows

Upper Donchian channel.
Lower Donchian channel.
Optional middle channel balance line.
Optional bullish and bearish breakout arrows.
Hidden buffers for signal value, channel width in points, and breakout quality score.

Main features

Closed-bar channel mode to avoid using the forming candle in breakout levels.
Optional current-bar or previous-closed-bar alert trigger mode.
Popup and push-notification support.
Configurable lookback, ATR filter, arrow offset, and maximum calculated bars.

Basic use steps

Attach the indicator to a chart.
Start with ChannelPeriod 20 for classic Donchian breakout tracking.
Use the upper and lower lines as breakout boundaries.
Confirm arrows with trend, session, volatility, and risk context before trading.

Inputs

ChannelPeriod: Donchian lookback period.
ExcludeCurrentBarFromChannel: calculates channel levels from completed candles.
ShowMiddleLine: shows or hides the channel midpoint.
ShowBreakoutSignals: shows or hides breakout arrows.
RequireBodyCloseBeyondChannel: requires the candle body to close through the channel.
MinBreakoutAtrPercent: minimum candle body size compared with recent ATR.
EnableAlerts, AlertTriggerCandle, EnablePopupAlerts, EnablePushNotifications: alert controls.

Buffers for EA integration

0 Upper Donchian channel.
1 Lower Donchian channel.
2 Middle Donchian channel.
3 Bullish breakout arrow price.
4 Bearish breakout arrow price.
5 Signal value: 1 bullish breakout, -1 bearish breakout, 0 neutral.
6 Channel width in points.
7 Breakout quality score from 0 to 100.

Risk note: Donchian breakouts can fail in sideways markets, news spikes, and thin liquidity. This indicator is a technical analysis tool, not financial advice or an automated trading system. Test settings on demo data before live use.

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Donchian Breakout Signals MT4

Mattia Marco Platania