Plus Donchian
- Indicators
- Version: 1.0
Donchian Toshio — High and Low Price Channel for MetaTrader 5
Donchian Toshio displays a channel calculated from the highest highs and lowest lows recorded during the selected period.
The indicator displays three lines:
- Upper line: the highest high of the period;
- Lower line: the lowest low of the period;
- Middle line: the average between the upper and lower boundaries.
The channel can support the analysis of trends, consolidations, volatility, breakouts, and dynamic support and resistance areas.
Available Parameters
- Period: defines the number of candles used in the calculation;
- Show Channel Lines: allows the channel lines to be displayed or hidden.
Features
- Compatible with different financial instruments and timeframes;
- Automatically updates with every new market movement;
- Simple and objective visual presentation;
- Three clearly identified levels;
- Compatible with the MetaTrader 5 Strategy Tester;
- Specific visual handling for replay mode without changing the normal chart.
Donchian Toshio is a technical analysis tool. It does not execute trades and does not guarantee financial results. Testing its settings before using it on a real account is recommended.

