🚀🔗 Donchian Trend Ranges 🔗🚀 Elevate your trading game with the Donchian Trend Ranges indicator from AlgoAlpha! 🌟📈 This advanced tool helps you visualize market trends and potential reversal points using Donchian channels, volatility measures, and average true range (ATR). Key Features ⚙️ Customizable Parameters: Adjust the lookback period and range...
TL;DR - A different approach calculating strength based on Donchain channels My approach calculating strength by using the difference between price and donchain average. It is possible to use the highest/lowest value of a given source (like close) or to use the highest high/lowest low (by using the option 'include wicks') for the strength calculation I added...
█ OVERVIEW I changed the design of the classic indicator "Donchian Channels", for easy reading. █ CONCEPTS Donchian Channels is an indicator made up of upper and lower bands around a mid-band or Basis. The upper band marks the highest price of a security for N periods, while the lower band marks the lowest price of a security for N periods. The area between the...
Standard Donchian Channels, this includes a Trend EMA which can be configured and the channels will use to give buy and sell signals. The channels are also colored in such a way to indicate a trend reversals. My favorite part that sets this apart from others is, if using the bClose option (which I recommend you do) the trend will not reverse until there is a close...
This strategy idea is a variation of the "Donchian Channel" trading strategy. It is built with a highest-high band, a lowest-low band, and a baseline which is average the highest-high and the lowest-low bands. This strategy is very useful in trending instruments on 1W and 1D timeframes. This is the implementation used in the QuantCT app. You can set the operation...
Donchain trend following system with overbought/ oversold areas inspired by stochastic. Multiplier to get non repainting HTF capability. features a smoothed price as well as moving average of the smoothed price, also inspired by the stochastic indicators %K and %D. This and slow stochastics compliment each other nicely. %D line colored by direction. Filled...
Hello Traders, I would like to introduce you donchain support&resistance levels. The idea is to look for important levels that are identified by donchain line, where donchain usualy spents a lot of time without any move usualy turns out to be good level for bounces. Also note that when there is a big spread between first line and second line it usually leads to...
Doncian Channels is a trend tracking indicator developed by Richard Doncian. The upper line of the channel is determined by the highest value seen by the price in the defined period, the lower line of the channel is determined by the lowest value seen by the price in the defined period. The middle line takes the average value of the lower and upper channels. ...
Abstract This script provides a set of Trendline Channels which can be tighter than Donchian Channels. This script computes the most suitable active upper and lower trendlines and updates them as soon as possible. We can use it for breakout signals earlier than Donchian Channels. Introduction Channels are tools which can mark area of values of ranging...
Hello guys, I would like to introduce you a script that combines two indicators: VPCI( volume price confirmation indicator) and donchian MAs VPCI: Fundamentally, the VPCI reveals the proportional imbalances between price trends and volume-adjusted price trends. An uptrend with increasing volume is a market characterized by greed supported by the fuel needed...
I present to you a script for testing the Donchian channel breakout strategy for the Binance_exchange. This strategy is trending, and is especially effective for trading cryptocurrency futures. This strategy is very flexible, and you can configure virtually all possible parameters, moreover, separately for longs and separately for shorts. In the script, you can...
For this indicator, I got inspired by this paragraph in an article on Investopedia: "Donchian channels also make natural partners with another moving average indicator for a crossover strategy. The Donchian moving average middle line is likely to form the short-term average in these situations, although some have used a 20-day Donchian channel in conjunction with...
This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow...
A cloud based on the highest high and lowest low of a given period (Donchian), same lines used in Ichimoku Cloud (Conversion line or Base line). Short term line is based on current time frame, long term line is based on your given multiple of current time frame. The color of the lines is based on up or down movement. I stole a piece of code from PineCoders for...
There are a few different attempts at the turtle strategy on here, but none that I have seen thus far correctly follow the strategy as I know it. This version uses a stop order to trail out of the position by moving the stop order to match the exit channel or stoploss as the N*2( ema of True Range * 2). This version of turtle strategy also uses stop orders for...