• Overview
  • Reviews (15)
  • Comments (24)
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VR Donchian MT5

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.

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

You can request technical support, settings and demo versions of programs in the author's profile.

  • 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 15
3002020664
54
3002020664 2021.04.27 10:44 
 

Great with thanks

GeoHa1219
203
GeoHa1219 2020.06.11 17:03 
 

The dynamic indicator helps me with my entries. I can only recommend. Thank you. Good work.

ERIC DANIEL BRAENDLI
120
ERIC DANIEL BRAENDLI 2020.05.29 15:35 
 

I use it for a quite profitable strategy. Love it!

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Imagine a Buy and Sell Pressure monitor on your chart that shows in REAL-TIME this data, bar by bar? Well, imagine no more. We present you an exclusive creation of Minions Labs : Aggression On Bars indicator. On every new bar on you chart this indicator will start counting in real-time the BUY/SELL pressure and present this data statistics directly inside your chart. As soon as a new bar is created in your chart, the counter restarts. Simple and effective. Just watch the video to see it running
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TPA Sessions MT5
TPA Sessions MT5
InvestSoft
"TPA Sessions"  indicator is a very important tool to complement  "TPA True Price Action"  indicator . Did you ever wonder, why many times the price on your chart suddently turns on a position you can't explain?  A position, where apparently no support or resistance level, or a pivot point, or a fibonacci level is to identify? Attention!!!   The   first run   of the TPA Session indicator   must be in the open market   for the lines to be drawn correctly. Please visit our blog to study actual
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Color Candles Identify the Major Trend
Color Candles Identify the Major Trend
Ziheng Zhuang
The indicator includes two parts. Part I: Color Candles Show the Major Trend Color candles is to identify the market state by color candlesticks. As shown in the screenshots, if the color is Aqua, the market is in a state when you should place long orders or exit short orders. If the color is Tomato, it is the time to place short orders or exit long orders. If the color is changing, it is better to wait for its completion (until the current bar is closed). Part II: Draw bands The inner bands is
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Volume Spread Pattern Indicator MT5
Volume Spread Pattern Indicator MT5
Young Ho Seo
Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T
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VR System MT 5
VR System MT 5
Vladimir Pastushak
VR System is not just an indicator, it is a full-fledged well-balanced trading system that includes combined simple Moving Average and Donchian channel indicators. The system is based on classic trading rules. The VR System trading system takes into account the rules for entering the market, rules for holding a position in the market, and rules for exiting a position. Simple trading rules, minimal risks, and clear instructions make VR System an attractive trading strategy for traders in financia
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Gold Stuff mt5
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Gold Stuff mt5   is a trend indicator designed specifically for gold and can also be used on any financial instrument. The indicator does not redraw and does not lag. Recommended time frame H1. IMPORTANT! Contact me immediately after the purchase to get instructions and a bonus!  SETTINGS Draw Arrow -  on off. drawing arrows on the chart. Alerts -   on off audible alerts. E-mail notification -  on off. email notifications. Puch-notification -  on off. Push notifications. Next, adjust the color g
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AguiaTraders F12 PRO
AguiaTraders F12 PRO
Renato Fiche Junior
This tool was developed to help traders on candle by candle and replay training. In the indicator settings, the user can set the training start datetime. The indicator will autommatically hide all candles after this datetime. So the user can make studies before starting the training. Starting the training, the user can simulate your trades quickly and easily! This is a product developed by Renato Fiche Junior and available to all MetaTrader 5 users! Partners: "Águia Traders"  team ( Eagle Tr
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PAX3 Price Action Indicator
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Marco Aurelio Santos Costa
You probably won't see the power of the indicator in the backtest, because it uses 3 windows, something you can't do, in the DEMO version that the site offers.  I trust 100% on my work and on my indicator, if you want a test version, send me a message, different from other sellers, who just want to "sell", I want whether you have a full version before renting and deciding. Many people have requested the purchase of the life time indicator, so I am making it available for a limited time. Life Ti
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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 position
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VR Cub MT 5
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The VR Orders History script is designed to upload a trade report to a csv file. This format is intended for additional analysis of trading history in programs such as EXCEL, Openoffice, and Libreoffice. Thanks to the script, it is now much easier for a trader to analyze their trading history. The program facilitates the analysis of the trading history for the MetaTrader 5 terminal. The trader sees structured trading. The entire report is based on the following principle: Position > Order on the
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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. You can request technical support, settings and demo versions of programs in the author's profile. Advantages It builds a custom grid on the chart. The grid is linked to circular levels. It is possible to set any step fo
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VR Orders History MT5
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Vladimir Pastushak
The VR Orders History script is designed to upload a trade report to a csv file. This format is intended for additional analysis of trading history in programs such as EXCEL, Openoffice, and Libreoffice. Thanks to the script, it is now much easier for a trader to analyze their trading history. The program facilitates the analysis of the trading history for the MetaTrader 5 terminal. The trader sees structured trading. The entire report is based on the following principle: Position > Order on the
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VR Object Delete All MT5
VR Object Delete All MT5
Vladimir Pastushak
The VR Object Delete All script solves the problem of garbage on the chart. it is often necessary to completely clear the chart of everything that is put on it, comments, lines, objects. The script completely deletes everything, even those objects that are not visible. When working, VR Object Delete All writes everything it does in the terminal log, as well as the names of objects to delete. Displays the number of deleted objects as a separate line. in case of any errors, it will display an erro
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VR Object Delete All
VR Object Delete All
Vladimir Pastushak
The VR Object Delete All script solves the problem of garbage on the chart. it is often necessary to completely clear the chart of everything that is put on it, comments, lines, objects. The script completely deletes everything, even those objects that are not visible. When working, VR Object Delete All writes everything it does in the terminal log, as well as the names of objects to delete. Displays the number of deleted objects as a separate line. in case of any errors, it will display an erro
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Vr Trade Panel
Vr Trade Panel
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. You can request technical supp
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Filter:
Marcel Bühler
1090
Marcel Bühler 2021.05.13 21:27 
 

Very usefule mid line.

3002020664
54
3002020664 2021.04.27 10:44 
 

Great with thanks

Lou1973
34
Lou1973 2020.12.04 10:35 
 

User didn't leave any comment to the rating

Leo.ss
14
Leo.ss 2020.10.21 15:49 
 

User didn't leave any comment to the rating

autovolk
739
autovolk 2020.06.22 22:04 
 

User didn't leave any comment to the rating

GeoHa1219
203
GeoHa1219 2020.06.11 17:03 
 

The dynamic indicator helps me with my entries. I can only recommend. Thank you. Good work.

ERIC DANIEL BRAENDLI
120
ERIC DANIEL BRAENDLI 2020.05.29 15:35 
 

I use it for a quite profitable strategy. Love it!

Ilya Krasheninnikov
348
Ilya Krasheninnikov 2020.05.19 19:17 
 

User didn't leave any comment to the rating

Wan Ping Fei
1795
Wan Ping Fei 2020.03.26 05:28 
 

✔✔✔

Detleff Böhmer
1332
Detleff Böhmer 2020.03.24 07:36 
 

Sehr gute Arbeit, guter Indikator, danke!

jquintin
234
jquintin 2019.07.19 12:34 
 

Good work! Thanks for sharing! Very helpfull!

Michael Williams
125
Michael Williams 2019.01.30 10:05 
 

I have looked at a lot of trend indicators, and this is one of my favorites; perfect for my strategy! Thank you!

sunnychow
8695
sunnychow 2019.01.12 16:05 
 

Thanks for share

[Deleted] 2019.01.07 17:40 
 

User didn't leave any comment to the rating

Yuriy Suslov
380
Yuriy Suslov 2018.10.13 15:35 
 

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