Market / MetaTrader 5 / Indicators /

Santa Donchian

FREE

Published: 9 October 2021

Current version: 1.0

Santa Donchian

4.17

Santa Donchian Indicator is an efficient way to detect support, resistence and break outs in any market.

The Donchian channel measures the high and the low of a previously defined range. Typically, a trader would look for a well-defined range and then wait for the price to break out to either one side for a trade entry trigger.

Advantages

Never repaints, never backpaints, never recalculates.
Works in all symbols and all timeframes.
Perfect trend filter for any strategy or expert advisor.
Fully compatible with Expert Advisor (EA) development.

more...

quangdai1406 2022.08.12 05:16 #

The best indicator ever

Brian 2022.07.20 05:20 #

Donchian Channel indicator a great addition to the Santa Trader. Thank you for posting it.

Peter Pedro 2022.01.08 23:02 #

Thank you Marco Aurelio Cestari , great, I am very satisfied Santa Donchian

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Donchian Channel is an indicator created by Richard Donchian. It is formed by taking the highest high and the lowest low of the last specified period in candles. The area between high and low is the channel for the chosen period. Its configuration is simple. It is possible to have the average between the upper and lower lines, plus you have alerts when price hits one side. If you have any questions or find any bugs, please contact me. Enjoy!

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The Penta-O is a 6-point retracement harmonacci pattern which usually precedes big market movements. Penta-O patterns can expand and repaint quite a bit. To make things easier this indicator implements a twist: it waits for a donchian breakout in the right direction before signaling the trade. The end result is an otherwise repainting indicator with a very reliable trading signal. The donchian breakout period is entered as an input. [ Installation Guide | Update Guide | Troubleshooting | FAQ | A

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Santa Trend Indicator is an efficient way to forecast and detect the trend in any market. Advantages Generates instant buy and sell signals. Provides an alternate exit strategy to your existing trading system. Never repaints, never backpaints, never recalculates. Works in all symbols and all timeframes. Perfect trend filter for any strategy or expert advisor. Fully compatible with Expert Advisor (EA) development. Does not lag.

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Santa Bollinger Indicator is an efficient way to detect price retracement in any market. A common approach is to identify overbought or oversold market conditions. When the price of the asset breaks below the lower band of the Bollinger Bands, prices have perhaps fallen too much and are due to bounce. On the other hand, when price breaks above the upper band, the market is perhaps overbought and due for a pullback . Advantages Generates instant buy and sell signals. Never repaints, never back

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Filter:

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Cristian Mateo Duque Ocampo 2023.10.18 14:44 #

This is an excellent indicator, impeccable work, it contains proprietary parameters such as channel offset, period and deviation that make it very useful. Additionally, the usability that allows to identify the candlesticks by colors makes it visually very easy to use. I would only add alerts and the appearance of the mean line, also perhaps some more information about its use or calculation in the presentation of the indicator would be useful. Otherwise I think it is an excellent job.

Este es un excelente indicador, un trabajo impecable, contiene parámetros propios como el desplazamiento del canal, el periodo y la desviación que lo hacen muy útil. Adicionalmente, la usabilidad que permite identificar las velas por colores hacen que sea visualmente muy fácil de usar. Solo agregaría alertas y la aparición de la línea media, también quizá seria útil algo mas de información sobre su utilización o calculo en la presentación del indicador. Por lo demás considero que es un excelente trabajo.

quangdai1406 2022.08.12 05:16 #

The best indicator ever

Brian 2022.07.20 05:20 #

Donchian Channel indicator a great addition to the Santa Trader. Thank you for posting it.

Peter Pedro 2022.01.08 23:02 #

Thank you Marco Aurelio Cestari , great, I am very satisfied Santa Donchian

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Alexandre Sousa Bezerra 2021.10.31 15:19 #

ThorstenKock aims to give as the worst comment as possible to new EAs without testing them. Please guys, take a look at all comments he gaves in its entire lifetime. Only one star with completely useless texts. I don't understand why MT5 allows such thing. We spend days and nights to construct a complex EA and it blows away with a destructive comment constructed in five seconds... Good job Marco Aurelio Cestari! I believe you made your best effort to write your codes and hope it make many people get profit! Just like me, you are a victim of ThorstenKock (and a permisive MT5) just in the beginning of our journey.

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Reply from developer Marco Aurelio Cestari 2021.11.01 03:00 #

Thank you Alexandre! Probably someone hurt ThorstenKock, so he comes here to make useless reviews on every market product, trying to slander and end up feeling better somehow, poor guy.

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ThorstenKock 2021.10.29 01:07 #

Just Donchian Channel with colored candles. Not a single advantage compared to standard Donchian Channel. Waste of time

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Reply from developer Marco Aurelio Cestari 2021.11.02 00:53 #

You should be banned. You're giving 1 star to every new product on the market with useless reviews.