AK collection area- Based on Coach AK formula of determining collection area of retracement stock.
- If price below collection area, collect in tranches.
Канал Дончиана (DC)
Relative Channel BandwidthThis indicator uses different volatility channels - Bollinger Band, Donchian Channel and Keltner Channel width to measure volatility.
Indicator plots channel bandwidth percentage with respect to close price.
This is not same as Bollinger Percent B - which is measure of where price is with respect to band. Instead this indicator is similar to ATR Percent indicator published here:
Plotting is color coded to indicate volatility zone:
Red : Extreme volatility
Orange : High volatility
Lime : Low volatility
Green : Extreme low volatility
These levels are again derived by long period bollinger bands
Adoptive Supertrend - BandsAnother adoption of supertrend. This time based on different channels - Bollinger Band, Keltner Channel, Donchian Channel and Pivot point based Donchian channel.
When price hits top of bands, it is considered as start or continuation of uptrend. When price hits bottom of the band it is considered as start or continuation of downtrend. Hence, supertrend is drawn based on these calculations. Use ATR Periods and ATR Multiplier to create stops certain ATR away from band's top and bottom.
Other supertrend adoptions published are here:
Pivot point based donchian channel is published here:
Donchian Channel - Pivot High-LowCombining Pivot High Low and Donchian Channel - both of which are useful indicators for trend following.
Donchian Channel shows highest and lowest prices for X number of bars.
Pivot High-Low identifies when price made new Highs and Lows
Applying Donchian Channel on Pivot High-Low channel, we are plotting highest and lowest pivots formed in X bars.
In this indicator, we have 3 options for Channel Base :
Price : This is regular Donchian channel based on High-Low Price
Pivots : This is Donchian channel based on pivot points.
Combined : Combines both. Takes highest of Price and Pivots for plotting high, lowest of Price and Pivots for plotting low
Donchian DipThe Donchian Dip
This strategy is designed to look for good "Buy the Dip" entries on stocks that are clearly in a strong 1-year upward trend. If you do not know how to identify those stocks on your own please do not use this system or continue your education until you do. The Donchian Dip strategy was designed on the daily time frame but works amazingly well on both daily and weekly timeframes. It does still work on intraday charts also if the current trend on the daily chart is in a strong uptrend.
Chart Setup:
3-period Donchian Channel with a 1-period offset (hide basis)
Bollinger Bands with the default settings of 20/2 (display basis)
Entry Signals:
There are 3 different entry signals that will be printed on the chart that have similar underlying criteria but are ranked based on skill level just like ski slope skill levels! I recommend only taking green entries until you are familiar with the system and the stocks you are trading.
Green Easy Entry:
This is the safest buy the dip entry that is normally found at or near a large retracement bottom. You might get one or two bad entries but be persistent and eventually, a great entry will present itself!
These are the specifics for the conditions that trigger a Green entry if you want to know what they are:
1. The current bar is an up bar (green or white bar) and closed above the lower Donchian channel
2. Previous bar or 2 bars back closed below the lower Donchian channel
3. Previous bar or 2 bars back closed below the Bollinger Band Basis (20 SMA )
4. The low of the previous bar or 2 bars back was below the lower Bollinger Band
Blue Intermediate Entry:
This is a decent entry if you missed the green entry, want to add to an existing position, or are not sure it will pull back far enough to even give a green entry. I would suggest only trade these entries to add to an existing pyramid position or get back into a trade that you were recently stopped out of. However, on high-flying stocks like TSLA these signals and the Black Diamond entry signals might be the only ones you get for a long time. Also, on the weekly chart, Blue or Black entries are sometimes all you will get for a year or more.
These are the specifics for the conditions that trigger a Blue entry if you want to know what they are:
1. The current bar is an up bar (green or white bar) and closed above the lower Donchian channel
2. Previous bar or 2 bars back closed below the lower Donchian channel
3. Previous bar or 2 bars back closed below the Bollinger Band Basis (20 SMA )
Black Diamond Advanced Rule:
This is normally just a small pullback re-entry signal on a strong trending stock like TSLA ...trade with extreme caution!!! You have been warned but daredevils feel free to give it a shot. I sometimes do trade these entries if the market and sector of the stock I am trading are extremely bullish or if I am looking to add to a position but I use a conservative stop.
These are the specifics for the conditions that trigger a Black entry if you want to know what they are:
1. The current bar is an up bar (green or white bar) and closed above the lower Donchian channel
2. Previous bar or 2 bars back closed below the lower Donchian channel
3. Previous bar or 2 bars back closed above the Bollinger Band Basis (20 SMA )
Exit Criteria:
The goal of this strategy is to buy the dip and hold as long as possible...let's practice some Paytience and exercise those holding muscles! RLT!!!
So, we don't want to exit early but we also want to protect our profits somehow. We do this by using the built-in trailing stops that are defined by dots of three different shades of purple on the chart (feel free to change these in the settings). Simply move your trailing stop to the highest current dot price level. Do not move the trailing stop down ever even if a lower dot is printed later. These are simply the suggested trailing stops and definitely use your own judgment for exits but if you backtest this strategy enough you will most likely discover that in the long run, these trailing stops work really well.
I hope this strategy helps you to identify good "Buy the Dip" entries on stocks you love as well as trains you to hold your winners longer for bigger gains.
***HOW TO ADD TO YOUR CHARTS***
1) Click the "Add to Favorite Scripts" button
2) Go to a stock chart and click the "Indicators" icon at the top
3) Next, on the left, click the "Favorites" and then click the "Naked Put - Growth Indicator v2"
4) It should appear on your charts, and you can click the "gear" icon on the study to edit a few settings.
5) Read the release notes above so you understand how it works.
TrendLine ChannelsAbstract
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 markets.
Once the price leaves the original region, range traders may start admitting they are wrong and trigger trend.
Donchian Channels (misheard as Dungeon Channels) use the highest and the lowest price to define area of values.
When the price breakouts, it just like it got released from a dungeon.
However, waiting for the price making even higher or lower may be too late and risk reward ratio may be lower.
Trendlines can make the channels tighter and we can find earlier breakout signals.
Computing Trendline Channels
(1) Find the most active trendlines
In this script, a valid trendline connects two high values or two low values.
A high value means the highest value in a trading day.
A low value means the lowest value in a trading day.
In this script, every trendline does not crossover any bar but can exactly touch them.
The most flat trendline is taken. (one for upper and one for lower)
(2) Continue to use or Change a trendline
If there is a tighter trendline available, this script changes to use it.
If the previous active trendline is broken, this script re-computes the trendline available.
When this case happens, this script display with an another color.
Otherwise, this script continues using the previous trendline.
(3) Middle line
The middle line indicates the middle value between the upper and the lower.
Parameters
Length : how many days are used for computation. The default value is 16 just because 16=4*4, using binary characteristic.
x_go_on : If the previous trendline is not breakout and there are no tighter trendlines available, we continue use it.
Color Options
(1) Upper trendline (no update or tighter)
(2) Upper trendline (changed due to breakout)
(3) Middle line
(4) Lower trendline (no update or tighter)
(5) Lower trendline (changed due to breakout)
Conclusion
Trendline Channels can be tighter than Donchian Channels and evaluate earlier breakout signals.
Comparing to known auto trendline scripts, Trendline Channels is continuous.
Once a trendline is broken, Trendline Channels can instantly point out the next available one.
If you think the price movement is boring or you cannot have good risk reward ratio, you can go to an another timeframe.
Reference
How to trade with Donchian Channels
How to trade with Trendlines
SALEH MACD Donchian + EMA & MACD + ADXI gathered all the signals coming from the MACD & Donchian channels indicators and filtered them with EMA 200 or ADX > 25 indicators (which both of them show the trend),
and put them on the chart to show me the buy and sell signals;
the signals rules are as following:
BUY:
when we have an uptrend ( the price is above the EMA 200 or ADX > 25 ) & the macd line cross up the signal line while they are both under the 0 level of histogram it generates buy signals.
SELL:
when we have a downtrend ( the price is below the EMA 200 or ADX > 25) & the macd line cross below the signal line while they are both above the 0 level of histogram it generates sell signals.
Donchian channel works as a confirmation for the macd signal.
this signals work best at London session, you can also filter them by chandelier exit indicator.
Step RiderRelease Note:
Idea of this script is to ride on the trend. Multiple dynamic support and resistance are identified and those levels are used
Step Lines:
There are 3 different periods by default are used to define 3 different step lines. On any trend, either of these 3 steps shall play major role
Color Strength:
Change in Red & Green color and its thickness changed based on how strong the up or down trend is.
Disclaimer:
//Disclaimer: Idea of publishing this script is to identify the strength of the instrument using multiple confirmation.
//Disclaimer: Using this indicator, changing inputs, and trading decisions are up to the users/traders.
//Courtesy: Thanks to Richard Donchian, Alan Hull as this indicator/script inspired by Donchian Channels, Hull Moving Average
SALEH All in One Strategythis script is based on MACD strategy
for MACD:
when we have an uptrend ( the price is above the EMA 200) & the macd line cross up the signal line while they are both under the 0 level of histogram it generates buy signals.
when we have a downtrend ( the price is below the EMA 200) & the macd line cross below the signal line while they are both above the 0 level of histogram it generates sell signals.
donchian channel works as a confirmation for the macd signal.
this strategy works best at London session.
feel free to comment
best regards Forexsquad2020
Donchian BlasterRelease Note:
Keeping in mind of getting full potential of Donchian Channels, As part of this script, Linear Regression is used as primary source to identify trend and execute the trades.
Hull Moving Average given as alternative option in place of Linear regression.
Linear Regression:
Linear regression used to identify trend, trade setup, and stop. Based on this, Color fillings on Donchian channels is updated. That will give clear idea of strength or weakness in any trading instruments.
HMA:
HMA used as alternative to identify trend, trade setup, and stop. Based on this, Color fillings on Donchian channels is updated. That will give clear idea of strength or weakness in any trading instruments.
Donchian Channels:
As it is one of the oldest trend riding system, combined here with differentiation in color will help to go with the trend.
Inputs:
Input periods can be changed by users/traders as per their understanding and observations.
//Disclaimer: Idea of publishing this script is to identify the strength of the instrument using multiple confirmation.
//Disclaimer: Using this indicator, changing inputs, and trading decisions are up to the users/traders.
//Courtesy: Thanks to Richard Donchian, Alan Hull, and author of LSMA as this indicator/script inspired by Donchian Channels, Hull Moving Average, and LSMA
[M2J] Indicator | Turtle Atom Duck Signal Turtle Atom Duck shows potential buy and sell
It consist of 3 indicators
Turtle - Donchian Channel
- bullish when price close above previous 1 bar high
- bearish when price close below previous 1 bar low
Atom - Bollinger Band
- bullish when price close above upper band
- bearish when price close below lower band
Duck - Moving Average (Default 50-period EMA)
- bullish when price close above moving average
- bearish when price close below moving average
When all 3 are bullish, buy signal appears
When all 3 are bearish, sell signal appears
Screener Turtle Atom Duck
Example:
FBMKLCI
Technology Sector
Health Sector
TOPGLOV
BINTAI
XOX
PRLEXUS
JCY
EURUSD
XAUUSD
Donchian Channels with offset includedThere does not seem to be an offset for most Donchian Channel scripts out there. Many trading books have an offset of 1 but most Donchian Channels out there do not for some reason. I included one in case there is a need for it.
Modified Donchian ChannelRelease Note:
This indicator setup highly inspired by Donchian Channel and Hull Moving Average. Big thanks to both Richard Donchian and Alan Hull.
Back test and live test it and come to conclusion of how to use this indicator for live trading.
200 HMA:
200 Hull Moving Average plays major role in deciding the right trades using Donchian Channel. As part of this setup,
If price is below 200 HMA, then the Donchian Channel is highlighted in Red color
If price is above 200 HMA, then the Donchian Channel is highlighted in Green color
Donchian Channel:
Default 20 period is used for the Donchian channel. However, the color highlight as per 200 HMA position. Also, the middle basis color changes to Green and Red based on candle close of above or below.
Additionally, 5 period Donchian basis is used as tight stop loss. This can be used wisely or optionally based on trade decisions
Disclaimer:
//Idea of publishing this script is to identify the strength of the instrument using multiple confirmation.
//Using this indicator, changing inputs, and trading decisions are up to the users/traders.
//Courtesy: Thanks to Richard Donchian and Alan Hull as this indicator/script inspired by Donchian Channels and Hull Moving Average
VPCI MA cross [LM]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 to
grow. An uptrend without volume is complacent and reveals greed deprived of the fuel needed to sustain itself.
Investors without the influx of other investors ( volume ) will eventually lose interest and the uptrend should
eventually breakdown.
A falling price trend reveals a market driven by fear. A falling price trend without volume reveals apathy, fear
without increasing energy. Unlike greed, fear is self-sustaining, and may endure for long time periods without
increasing fuel or energy. Adding energy to fear can be likened to adding fuel to a fire and is generally bearish
until the VPCI reverses. In such cases, weak-minded investor's, overcome by fear, are becoming irrationally
fearful until the selling climax reaches a state of maximum homogeneity. At this point, ownership held by weak
investor’s has been purged, producing a type of heat death capitulation. These occurrences may be visualized by
the VPCI falling below the lower standard deviation of a Bollinger Band of the VPCI, and then rising above the
lower band, and forming a 'V' bottom.
I have used MA's on top of VPCI and looking for crosses. Percatage that is shown in label is calculation of difference between previous cross and current close price. So you know if you would be flipping what % you would gain or loose, all is rounded with precission of two
DONCHIAN
I took donchain calculation from ichimoku to calculate conversion line and base line(both are giving me information about whether it's trending or not and distance from the mean)
There are various sections in setting:
VPCI - setting of MA lengths(for smaller timeframes I recommend using bigger MA length)
DONCHAIN - setting length for conversion and base line
Any suggestions are welcome
Double Donchian, Double Keltner, no-overlayThis is rather an educational script on how you can put multiple channels on the chart in a relatively non-confusing manner. Because it can be done doesn't mean you should do it (especially as a beginner). However, you might want to use maybe two.
Normally, TradingView would put them all over each other causing chart to lose readability. By a few clever conditions, higher timeframe KC does draw on the chart only if it is outside lower timeframe KC. Lower timeframe Donchian is 99,5% outside both Keltner Channels, and it will not show if it overlaps at any point. Higher TF Donchian ale two lines but no background.
Keltner channel 1 uses original settings
Keltner channel 2 uses TradingView default settings
Donchian 1 uses TradingView default
Donchian 2 uses 60 periods used by Turtles if I remember it correct
Have a great trade!
Different Donchian PeriodsHi!
This is a very simple script that I couldn't find on TradingView yet. Look at this indicator how you want (band, cloud, ma's) and create your own settings, I did not test it.
Normally, Donchian average calculates the average(middle) of the highest point of a given period and the lowest point of that same period.
Here I use two separate periods, one for highest, a different one for lowest. That's it :)
Let me know if it's useful to you, I appreciate your comments.
GM All-purposeThis script plots multiple EMA's also it shows you when a particular EMA crosses up or below another EMA. You can customize the EMA's based on your setups or preferences.
This script basically will help you easily identify when a particular EMA has crossed over or crossed under another EMA at one glance.
Particularly useful when there is a lot of entanglement of the EMA's
There is also dual Bollinger Bands & Donchian Channels that are available to check the volatility of that particular scrip, which will help you stay in the trade or exit based on your criteria.
Weeknights Donchian CloudDonchian Channel Trading system visualised as a cloud.
Regular/Quick inputs;
Length: 20
Entry Length: 20
Stop Length: 10
Alternate/Slower Inputs;
Length: 55
Entry Length: 55
Stop Length: 20
For a more in-depth review, look up "Turtle Trading" rules
The simplest way to use the cloud;
-When the cloud flips from above to below (support), close any shorts and open a long
-When the cloud flips from below to above (resistance), close any longs and open a short
-Cloud is flipped based on a breakout on the high / low
-Most effectively used on the daily, but can be used on any time frame
-For traditional markets, an input of 20 is most commonly used
-For 24/7 markets, an input of 28 is most commonly used
-Find an input that makes the most sense to you!
I appreciate any feedback, feel free to message me on twitter / comment!
Twitter ; @ImWeeknight
Credit to user KivancOzbilgic for helping with the script
Donchian Channels Modified This indicator gives a Donchain Channel with different upper and lower limits, Use wisely.
Turtle Donchian ChannelDonchian channel with Turtle trading style: buy long when price is higher than high 20 candles (green up arrow), and sell short when price is lower than low 10 candles (red down arrow).
[RS]Standardized Trend Mapnothing excessively new here..
a map of standardized trend over multiple lengths, extra parameter for smoothing the input source(close) will remove noise.
Donchian Trend RibbonHello Traders,
I think you all know Donchian Channels. so I am not going to write about it.
With this indicator I tried to create Donchian Trend Ribbon by using Donchian Channels.
How it works ?
- it calculates main trend direction by using the length that is user-defined. so you can change it as you wish
- then it calculates trend direction for each 9 lower lengths. if you set the length = 20 then the lengths are 19, 18,...11
- and it checks if the trend directions that came from lower lengths is same or not with main trend direction.
- it changes the trend color of the ribbon.
-
Warning: Entry points may also represents trend reversal. So you should use stoploss line if you decide to take buy/sell positions.
P.S. I didn't backtest it, it's non-repainting, it should be used educational purposes only.
Published by user request. You may want to see following one:
Enjoy!
Donchian TrendHello All,
I think all of you knows Donchian Channels . so I am not going to write about it.
With this indicator I tried to create Trend Lines by using Donchian Channel upper/lower bands. I tried add possible entry levels as well.
How it works ?
- it calculates main trend direction by using the length that is user-defined. so you can change it as you wish
- then it calculates trend direction for 9 lower lengths. if you set the length = 20 then the lengths are 19, 18,...11
- and it checks if the trend directions that came from lower lengths is same or not with main trend direction.
- it changes the trendline color. lighter trend line means stonger trend, darker trend lines means entry points or possible trend reversal.
- it puts entry points by using trend directions that were created by using lower lengths. it gets entry points if high/low touches main trend line as well.
Warning: Arrows are entry points but it may also represents trend reversal. So you should use stoploss line if you decide to take buy/sell positions.
P.S. I didn't backtest it, it's non-repainting, it should be used educational purposes only . I believe it can be improved, so I am open for new ideas to improve it ;)
Enjoy!
