Donchian Channel

Donchian Channel

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Donchian Channel is a volatility indicator based on the calculation of the current price range with the recent highest and lowest prices.

Code is similar to Donchian Channels, but the middle line is not plotted.

 

MT5 Indicator – Download Instructions

Donchian Channel is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

Donchian Channel provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install Donchian Channel.mq5?

  • Download Donchian Channel.mq5
  • Copy Donchian Channel.mq5 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on Donchian Channel.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Donchian Channel.mq5 is available on your Chart

How to remove Donchian Channel.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Click here below to download MT5 Indicator:

Donchian Channel

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