Donchian Breakout Signals MT5
- Индикаторы
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Mattia Marco Platania
At MetaCoderStore, our goal is to build practical, clean, and reliable MetaTrader indicators that traders can actually use in live chart work. We focus on clear visual tools, useful inputs, and MT4/MT5 versions wherever possible. - Версия: 1.0
Limited-time free release: Donchian Breakout Signals MT5 is free while MetaCoderStore collects trader feedback, comments, and feature requests for the first public version.
Donchian Breakout Signals MT5 plots classic Donchian upper, lower, and middle channel lines, then marks confirmed breakout closes with optional arrows, alerts, and EA-readable signal buffers.
Use cases
- Track breakout levels from the highest high and lowest low of the selected lookback period.
- Spot bullish closes above the upper Donchian channel and bearish closes below the lower channel.
- Filter signals by body close behavior and minimum candle body size relative to recent ATR.
- Feed EAs, dashboards, or scanners with stable signal, width, and quality buffers.
What it shows
- Upper Donchian channel.
- Lower Donchian channel.
- Optional middle channel balance line.
- Optional bullish and bearish breakout arrows.
- Hidden buffers for signal value, channel width in points, and breakout quality score.
Main features
- Closed-bar channel mode to avoid using the forming candle in breakout levels.
- Optional current-bar or previous-closed-bar alert trigger mode.
- Popup and push-notification support.
- Configurable lookback, ATR filter, arrow offset, and maximum calculated bars.
Basic use steps
- Attach the indicator to a chart.
- Start with ChannelPeriod 20 for classic Donchian breakout tracking.
- Use the upper and lower lines as breakout boundaries.
- Confirm arrows with trend, session, volatility, and risk context before trading.
Inputs
- ChannelPeriod: Donchian lookback period.
- ExcludeCurrentBarFromChannel: calculates channel levels from completed candles.
- ShowMiddleLine: shows or hides the channel midpoint.
- ShowBreakoutSignals: shows or hides breakout arrows.
- RequireBodyCloseBeyondChannel: requires the candle body to close through the channel.
- MinBreakoutAtrPercent: minimum candle body size compared with recent ATR.
- EnableAlerts, AlertTriggerCandle, EnablePopupAlerts, EnablePushNotifications: alert controls.
Buffers for EA integration
- 0 Upper Donchian channel.
- 1 Lower Donchian channel.
- 2 Middle Donchian channel.
- 3 Bullish breakout arrow price.
- 4 Bearish breakout arrow price.
- 5 Signal value: 1 bullish breakout, -1 bearish breakout, 0 neutral.
- 6 Channel width in points.
- 7 Breakout quality score from 0 to 100.
Risk note: Donchian breakouts can fail in sideways markets, news spikes, and thin liquidity. This indicator is a technical analysis tool, not financial advice or an automated trading system. Test settings on demo data before live use.
