This indicator adds a level of adaptivity to the simple Donchian Channel by adjusting the sensitivity (lookback periods) of the channel's upper and lower bounds based on the amount of time that has elapsed since the price has hit/expanded the channel boundaries. Comparing the results of this indicator to the standard Donchian Channel, the readier level of...
Uses donchian points to anchor VWAPs (start a new VWAP interval). The defaults are set up for a 1H chart, with lookback periods of 1 day, 2 days, 1 week, 2 weeks and 4 weeks for the anchor points.
Green : upper donchian AVWAPs, Red : lower donchian AVWAPS, thin/1day to thickest/4 week.
Option to test whether a new point should be formed from a high or low...
So how to use this very easy system
we have two system the first is based on ATR resistance and support and the other based on % channel based on donchian channel
The black line is the price line
The red lines are % line of the donchian channel (here it set to 2 and 3 % (you can set it any number you want ) this lines are the low end
Theblue d lines are % line of...
This is a combination of a couple ideas I saw on here. The result is from three configurable EMA smoothed RSI overbought/oversold zones. The default is set to Donchian Channel mode where the highs/lows of the RSI's are plotted. An optional basis line derived from the slowest RSI is also included. Toggling this mode off gives you different results.
You'll want to...
1. Centre line above close long entry, exit centre line below close.
2. Centre line below close short entry, exit centre line below close.
3. But For now I coded like Long Exit becomes entry for Short and vice versa
Have to further Update
So this indicator have the following:
1. MTF CCI
2. donochian channel MTF both non repaint mode
buliish and bearish zone determine by ratio of the the donochian cahnnel
enter or exit can be either the bullish or bearish change of color or by cross over or under of the CCI
or combination of both
The high max and low max of the donochian channel show in hilated bar
This indicator give the ratio between the high and low of donochian channel and if we take ratio and add it to each other then we can calculate if it + meaning bullish trend or negative meaning bearish trend
using non repainting MTF we can see the zone of the channel at different time set
we can use this indicator to filter bad signal or make it stand alone...
This is my version of a mixture of Bollinger and Donchian (BB/DC Remix)
It is a modified fork of Dolchian/Bollinger Hybrid by Ricardo Santos ( DBH.V0)
this is the two pictures comparing it.
Made this Fork because Santos' code starts getting chopping with my type of settings.
His time input is 24, but mine varies between 13 and 21.
You really notice in scalping...
The Donchian Channel was developed by Richard Donchian and it could be compared
to the Bollinger Bands. When it comes to volatility analysis, the Donchian Channel
Width was created in the same way as the Bollinger Bandwidth technical indicator was.
As was mentioned above the Donchian Channel Width is used in technical analysis to measure