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Predicting Donchian Channel MT5

The Predicting Donchian Channel MT5 indicator allows predicting the future changes in the levels of the Donchian channel based on the channel position of the price.

The standard ZigZag indicator starts drawing its ray in 99% of the time the opposite Donchian channel is touched.

The forecast of the channel boundary levels will help in finding the points, where the correction ends or the trend changes, an also to estimate how soon those events can occur.


Configurations

  1. Period - Donchian channel calculation period. Recommended values are from 12 to 240.
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The indicator calculates the price of the trading instrument based on the RSI percentage level. The calculation is performed by Close prices, so that we can quickly find out the price, at which RSI shows the specified percentage level. This allows you to preliminarily place stop levels (Stop Loss and Take Profit) and pending orders according to significant RSI points with greater accuracy. The indicator clearly shows that RSI levels constantly change, and the difference between them is not fixed
Gap on chart
Aleksey Vyazmikin
5 (2)
The "Gap on chart" indicator displays the price gaps on the chart. The gap levels are extended in time until the price fills the price gap. Sensitivity of the indicator can customized to set the gap size in points to show and the history depth to analyze. For automatic trading, it uses the numbering or price gaps according to LIFO, i.e. the last formed gap is number 1. Parameters InpBars - the number of bars to look for a price gap in history InpMinGap - sensitivity to the price gaps in points
Bingo MT5
Aleksey Vyazmikin
Let's play! I propose to purchase a Bingo trading robot for the MT5 platform. The adviser has a proven pattern of "Trends are ending" - then the Truth. The Expert uses the Truth in order to extract income, but for this he needs: A. To detect the probable end of the trend; B. Make a profitable purchase. To solve problem A, many tested and pre-selected reliable methods are used, their collection is so large that it is impractical to use conventional optimization. I suggest using randomness to sel
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Version 1.1 2022.11.21
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