• Overview
  • Reviews (17)
  • Comments (25)
  • What's new

VR Donchian

The Donchian VR indicator is an improved version of the Donchian channel. Improvements have been made to almost all channel functions, but the basic algorithm and channel construction have been preserved. The indicator now changes the color of the levels depending on the current trend - this clearly shows the trader a change in the trend direction or flat. The ability to inform the trader about the breakthrough of one of the two channel levels via smartphone, email, or in the MetaTrader terminal itself was added as well. Price tags have been added that allow the trader to see the prices of the levels on the chart. The algorithm of the classic Donchian indicator has been optimized and accelerated due to the fact that the trader can set the number of periods for the indicator to calculate himself. The classic Donchian indicator calculates the entire history available in the MetaTrader terminal, which heavily burdensThe MetaTrader terminal with mathematical calculations. The VR Donchian indicator only calculates the amount that the trader has set, which reduces the load on the MetaTrader terminal by tens or even hundreds of times.

Join the discussion in the group @telegram development news and updates @telegram

The rule of trend detection:

If a new local high is higher than the previous one and a new local low is higher than the previous one, it is considered that the trading instrument is in an uptrend.
If a new local high is lower than the previous one and a new local low is lower than the previous one, it is considered that the trading instrument is in a downtrend.
If we cannot apply any of the two rules described above to the current trend it is considered that there is no certainty on the trading instrument - it has entered flat.

Advantages

  • It is one of the most accurate indicators displaying channels.
  • The ability to receive messages via alert in the terminal, push-message to your smartphone, and email.
  • It is suitable for any financial instrument: Forex, Crypto, CFD, Metalls.
  • The indicator is not redrawn.
  • It is easy to install - just drag it over the chart.
  • It works in the strategy tester, on demo accounts, and on real accounts.
  • It is suitable for both beginners and professionals, the indicator is based on classic trading rules.
  • A large number of settings allow you customize the indicator to your liking.
  • The indicator can transmit the signals by standard methods via buffers and using global variables of the terminal.
  • There are two versions - for the MetaTrader 4 and MetaTrader 5 terminals.

Recommendations
  • The longer is the period for which you use the indicator, the more accurate its readings will be and the larger the trend can be expected.
  • Combining the indicator with your trading strategy will increase the probability of success and reduce the likelihood of losses.
  • Avoid moments of uncertainty and trading on the news.
  • Select the indicator period based on the last uncertainty zone. Set up such a period that there would be no false trend readings in the zone of uncertainty.
  • Use multiple copies of indicators with different periods, such as the period of the first indicator 21 and the period 48 of the second indicator.
  • Buy when the upper level is broken and sell when the lower level is broken, good signals are obtained when the price breaks through several lines of different indicator periods at the same level.
  • Do not use yield statistics constantly, we recommend to use it only in the selection period or for analyzing new financial instrument.

You can read more information about settings in our

Blog in Russian read
Blog in English read

Market version MetaTrader 4
Market version MetaTrader 5

Reviews 17
Natasha Diedericks
4262
Natasha Diedericks 2019.04.29 14:48 
 

Can't trade without this indy! Really like this one. Thanks Vladimir!

Luca Pulito
25302
Luca Pulito 2019.04.15 07:53 
 

Thanks for sharing this very nice indicator!

EwaS
684
EwaS 2019.01.27 05:02 
 

A very useful indicator, big thanks to the author for sharing!

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Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings and engulfing detector
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Volume Delta Panel
Chantal Sala
Volume DeltaPanel is a very powerful indicator that read the supply on Market. It calculates the Delta from movement of the price and the difference of BUY volumes and SELL volumes. The Volumes are added to price and normalized to symbol points. Its special structure allows you to get all Time Frames values available on the platform MT4. Panel can show 28 instruments simultaneously all customizable according to the offer of the Broker. A good observation of this instrument can suggest great en
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Pro Currency Strength Meter
Oystein Knudsen
Currency Strength Meters are a great way to identify strong and weak currencies. With this CSM indicator attached to your chart, you will get a clear overlook over the 8 major currencies: USD, EUR, JPY, CAD, CHF, GBP, AUD, and NZD. Suggested timeframes to scan is: M15 - H1 - H4 - Daily  You can however just change timeframe to check in the settings. Bear in mind that scanning very low timeframes such as M1 will require a lot of resources and might make your mt4 terminal slow.  The strength s
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TDI Scanner Dashboard
Abir Pathak
TDI Multi Timeframe Scanner: This Dashboard indicator uses the TDI (Trader's Dynamic Index) Indicator to find best trades. Get extra indicators here: https://abiroid.com/extras/tdi-scanner-dashboard-extras Checks for: - SharkFin Pattern Free indicator for SharkFin: https://www.mql5.com/en/market/product/42405/ - TDI Trend: Strong/Weak Trend Up/Down - TDI Signal: Strong/Medium/Weak Signal for Buy/Sell - Consolidation - Overbought/Oversold - Volatility Bands - Previous Day/Week/Month High/Low Wh
60 USD
Real Time Currency Valuation
Igor Korepin
The indicator displays strength of eight major currencies and also can calculate strength of any other currency, metal or CFD. You will not need to study dozens of charts to determine strong and weak currencies, as well as their current dynamics. The picture of the whole currency market for any period can be viewed in a single indicator window. Built-in tools for monitoring and controlling the situation will help you not to miss out on profits. Main features of the indicator It forms indexes o
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TMA Currency Meter
Paul Geirnaerdt
TMA Currency Meter is the ultimate currency meter. Based on the Triangular Moving Average of all available symbols, this indicator shows which currencies are strong, strengthening, weak or weakening. Experienced as well as novice traders will see the strong and weak currencies in the blink of an eye, and know which trade possibilities to explore further. TMA Currency Meter is a true Multi Timeframe indicator. It is easy to show the currency strengths for a higher timeframe than the chart timefra
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Vr Trade Panel
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VR System
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VR DRAW
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This is a simple indicator which can draw anything on a chart of the MetaTrader terminal. If the VR-Draw button is clicked, the following can be selected: Join the discussion in the group @telegram development news and updates @telegram Color, Width, Erase (delete all drawings). This is a convenient way to communicate with other traders and share your predictions and assumptions with them, as well as make notes for yourself. The program is developed by the founder of Trading-Go Projects.
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The Donchian VR indicator is an improved version of the Donchian channel. Improvements have been made to almost all channel functions, but the basic algorithm and channel construction have been preserved. The indicator now changes the color of the levels depending on the current trend - this clearly shows the trader a change in the trend direction or flat. The ability to inform the trader about the breakthrough of one of the two channel levels via smartphone, email, or in the MetaTrader terminal
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👍 The VR Close orders script is designed to close positions in the terminal at a profit or loss mark set by the trader. The program is written as a script and can work together on the same chart with any other indicators and expert advisors. The program has a simple visual panel and is easy to configure with the mouse. With this program's help, the trader can automatically close positions and delete orders depending on the conditions set.  There is often a situation when you need to close posit
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VR Alert warns the trader that the price or other indicator has reached the level set by the trader. Join the discussion in the group @telegram development news and updates @telegram VR Alert Demo This is a demo version of the indicator VR Alert , works only on the currency pair AUDCAD You need to get a notification that the price has reached the level you set or that some indicator has reached the level you set? Now it is possible. The VR Alert indicator can monitor not only the current price o
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Vladimir Pastushak
VR Orders History is a professional script for downloading the trading history in the csv format (EXCEL). The script downloads all orders, including positions associated with deposit and withdrawal operations. VR Orders History can download the trading history of any financial instrument (currency pairs, CFD, Futures, Bitcoin, Ethereum and others) Symbols parameter means the trading instrument. Leave the field empty to download the entire available history or enter a list of symbols separated by
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VR Grid
Vladimir Pastushak
The indicator marks up charts in its own way. In contrast to the standard marking method, VR Grid marks chart with the specified step and links the grid to round price values.  The VR Grid indicator keeps the mark up and scale, so that the grid cells always have a constant size. Advantages It builds a custom grid on the chart. The grid is linked to circular levels. It is possible to set any step for the grid. You can set the color, style, and thickness for the entire grid or for specific levels.
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VR Grid Mt5
Vladimir Pastushak
The indicator marks up charts in its own way. In contrast to the standard marking method, VR Grid marks chart with the specified step and links the grid to round price values.  The VR Grid indicator keeps the mark up and scale, so that the grid cells always have a constant size. Advantages It builds a custom grid on the chart. The grid is linked to circular levels. It is possible to set any step for the grid. You can set the color, style, and thickness for the entire grid or for specific levels.
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VR MA RSI
Vladimir Pastushak
Everything is simple and clear. The product displays RSI indicator relatively to Moving Average indicator.  We recommend to perform indicator analysis from highest timeframes. Minimum working timeframe is 60 minutes.  Ma_period - moving average period. Ma_price - moving average price. Ma_metod - moving average calculation method. Ma_color - moving average color. Rsi_period - RSI period. Rsi_price - RSI price. Rsi_color - RSI color.
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Vr orders info
Vladimir Pastushak
The indicator displays the following data: On the order open price: Order type Order lot Order profit Profit/loss ratio Magic number On take profit: Number of points Amount of profit when take profit is reached Deposit currency On stop loss: Number of points Amount of profit when stop loss is reached Deposit currency The indicator can also be useful if you want to hide order levels of a certain EA. To do that, make the color of the levels similar to the chart background. Parameters: TakeProfitL
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VR Trade Panel Demo
Vladimir Pastushak
VR Trade panel is a multi-functional trading panel that can operate in two modes - virtual and real. VR Trade Panel can be used on a real account, on a demo account and in the strategy tester. In the Strategy Tester the panel can be used as a tool for acquiring trading skills or as a tool for manual testing of trading systems on historical data. VR Trade Panel simplifies and speeds up operation in MetaTrader 4, and has a great set of highly customizable parameters. Join the discussion in the gro
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Filter:
Ron Devito
147
Ron Devito 2021.02.13 15:00 
 

User didn't leave any comment to the rating

Vladimir Pastushak
126133
Reply from developer Vladimir Pastushak 2021.02.13 15:01
Thank! I did my best!
Zachary David Cox
818
Zachary David Cox 2020.12.21 20:00 
 

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Lou1973
34
Lou1973 2020.12.04 12:14 
 

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Aravind
6865
Aravind 2020.11.29 17:29 
 

User didn't leave any comment to the rating

mohdidrus
759
mohdidrus 2020.10.09 08:51 
 

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Valentin Butorin
3894
Valentin Butorin 2020.10.03 13:59 
 

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Vitali Kadel
2947
Vitali Kadel 2020.06.12 21:16 
 

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Natasha Diedericks
4262
Natasha Diedericks 2019.04.29 14:48 
 

Can't trade without this indy! Really like this one. Thanks Vladimir!

Luca Pulito
25302
Luca Pulito 2019.04.15 07:53 
 

Thanks for sharing this very nice indicator!

EwaS
684
EwaS 2019.01.27 05:02 
 

A very useful indicator, big thanks to the author for sharing!

Shaheen Hassanali
16938
Shaheen Hassanali 2019.01.04 02:44 
 

Wan Ping Fei
1827
Wan Ping Fei 2018.12.23 10:16 
 

Is one of my favorite indicators..5 stars.

sunnychow
8659
sunnychow 2018.10.22 20:13 
 

good tool

bux
173
bux 2018.10.22 11:33 
 

Хороший индикатор. Спасибо.

Yuriy Suslov
375
Yuriy Suslov 2018.10.13 15:36 
 

Отличный индикатор! Помимо построения самих уровней - каналов, встроена функция оповещения при их касании.

easetup
327
easetup 2018.10.22 05:43 
 

Finally a simple and reable Donchian Indicator, thanks!

AirOne1
1464
AirOne1 2018.10.20 04:42 
 

User didn't leave any comment to the rating

Reply to review
Version 20.60 2020.06.14
Code optimization for new build terminal
Version 20.58 2020.05.30
Fixed display of colors
Version 20.57 2020.05.27
Code optimization
Error correction
Version 20.30 2020.03.23
Optimized:
The program code.

Posted:
The ability to set the number of displayed periods - periods of less than the indicator displayed faster.
The ability to receive signals for other programs through global variables.
The ability to choose one of three methods of notification traders, Push, Alert, E-mail.

Fixed:
Duplicating price tags.
Triggered alerts.
Version 19.10 2019.01.18
Fixed:
Cleaning the graph when the indicator is removed
Version 18.101 2018.10.21
Fixed text messages