Trend Follower With Help of Donchian Channels - TFWHDCThis is a simple Day Trade indicator, but can be used for swing and long term trades.
It is based on Donchian Channels to detect trend and point out resistance or support breakouts using arrows.
The bars ared colored when a breakout occurs. When a resistance breakout occurs the current and the next bars are colored green (default) and when a support breakout occurs the current and the next bars are colored red (default). This way this indicator can show if its an uptrend or a downtrend.
I hope this indicator will be useful for many traders!
Thank you!
Канал Дончиана (DC)
River StyxRiver Styx - Modified Donchian Channel with separate adjustments for upper and lower levels, with offset
Blue line = the highest price of the last 14 periods (resistance).
Red line = the lowest price of the last 14 periods (support).
Gray line = middle line between blue and red line.
Green line = exponential moving average of 2 periods of closing price.
makemoneyThis system design for you in order to make you money :) I hope...
1. the donochian channel is based on color of high and low price (easy to see where the bars exist)
2. resitance and support are drawn by bolinger system (black and red dots)
3. buy and sell are based on volume model (B and S ) with alerts
4. when PSAR and the buy or sell are in agrreement this are called strong buy or sell points shown in green and red trinangle
5. you can use stop loss or take profit based on system in volume model
using the system very easy and I hope you make noney on it either shorting or longing
I normaly use 1 hour and 30 min charts . you can try another time frames if it work to you
the code is open so you can modify , chane or do what ever you want with it
Super-Trend-fibIn this model we have fib Donchian channel with super trend alerts (B=buy) S =sell
and trailing volume system up trend alert and down trend alert
so have fun
Session RangeSimple script for showing the high/low/midrange of a session. By default configured to do the Daily range using the "regular" session. But it's configurable. For example on this chart I am showing the Weekly range.
Consecutive Highs/LowsTrack consecutive new highs/lows outside the Donchian range. Fans of the oldschool Turtle Strategy should enjoy the visualization.
Same logic as my "Walking the Bands" script, just with Donchian breaks instead of Bollinger tags.
fibgameI have no power to finish it so who ever want to continue is welcome, exit point are good but still need work on entry points
have fun
[f(x)] Bollinger Donchian RemixThis 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 and sometimes intraday timeframes with my settings.
His also differ from mine based on the trendline, where he modifies his Simple Moving Average, which is default color is black, and I use the the default one, which the default color is red.
Also you can change the trendline type input (open,close,hl2,etc...) to tailor your preference.
Note: Default is close, Santos use hl2, I use ohlc4.
My Multiple EMA with Donchian ChannelsDonchian Channels with EMA's 8, 13, 21, 34, 55, 89 (fib numbers). Everything is configurable.
TSP Donchian EMADonchian with EMA
This show EMA of Donchain Channel (Highs and Lows)
It is nice to identify Support and Resistance, in range period
Should work well for scalp
This is a complement to Bollinger Bands
Stationary Extrapolated LevelsBeta Peek/Valey based forecast
The idea behind this indicator is to extrapolate a stationary time series and find the peeks of the extrapolated result. The highest and lowest of the extrapolated data represent really precise support and resistance if the data and its extrapolation are barelly equal with an error lower than the average.
When the detrended price ( in blue ) crossover the lower level then the indicator detect a valey and the possibility of an up movement, if the higher is crossed down then the indicator detect a peek and the possibility a down movement.
When "Show extrapolated values" is checked the indicator will show the forecast of the detrended price with a forecast of length periods ahead.
Feel free to contact me for any questions regarding my indicators :)
Bollinger/Donchian ChannelsProvides a blending of Bollinger Bands and Donchian Channels with shading criteria between.
Donchian Channel Width Strategy 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.
WARNING:
- This script to change bars colors.
Donchian Channel Width 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
volatility. Volatility is one of the most important parameters in technical analysis.
A price trend is not just about a price change. It is also about volume traded during this
price change and volatility of a this price change. When a technical analyst focuses his/her
attention solely on price analysis by ignoring volume and volatility, he/she only sees a part
of a complete picture only. This could lead to a situation when a trader may miss something and
lose money. Lets take a look at a simple example how volatility may help a trader:
Most of the price based technical indicators are lagging indicators.
When price moves on low volatility, it takes time for a price trend to change its direction and
it could be ok to have some lag in an indicator.
When price moves on high volatility, a price trend changes its direction faster and stronger.
An indicator's lag acceptable under low volatility could be financially suicidal now - Buy/Sell signals could be generated when it is already too late.
Another use of volatility - very popular one - it is to adapt a stop loss strategy to it:
Smaller stop-loss recommended in low volatility periods. If it is not done, a stop-loss could
be generated when it is too late.
Bigger stop-loss recommended in high volatility periods. If it is not done, a stop-loss could
be triggered too often and you may miss good trades.
RSI ZonesThis 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 play with different lengths for your own preferences and to see what works best for you.
Being able to see price bounce between these zones should hopefully give you some ideas on how you could potentially use this.
Credit to LazyBear for the initial idea.
Donchian Channel Trend Intensity [DW]This is an experimental study designed to analyze trend intensity using two Donchian Channels.
The DCTI curve is calculated by comparing the differences between Donchian highs and lows over a major an minor period, and expressing them as a positive and negative percentage.
The curve is then smoothed with an exponential moving average to provide a signal line.
Custom bar colors included with two coloring methods to choose from.
MTF Donchian Quadrants [DW]This is a simple Donchian Channel variation that separates the the channels into quadrants, and enables MTF calculation.
Average open and close plots are included for additional confirmation of a trend.
Donchian Fibonacci Trading ToolDONCHIAN FIBONACCI TRADING TOOL
This indicator is based on a Donchian Channel with Fibonacci zones I published before. Features are added which enable trading decisions, it suggests when to open either a long or a short position, it provides suggestions for a stop loss level and suggests a take profit level, the calculation of the take profit suggestion can be altered in the inputs. The user should devise a trading strategy on his own, several strategies are possible, but as a Donchian Channel is used, these must come down to refinements in the classical Turtle Trading system.
NO LAGGING
Donchian Channels have no lagging, this tool being based on these, has none as well. The only added feature with a little lagging is the Hull MA, all other features work at once and report right now the historical context of the present bar or candle even while it is developping.
ANY TIME FRAME
This indicator works in any time frame. However, when the user sets the prediction calculation to percent, then in small intraday time frames the result will be relatively huge.
FALSE SIGNALS
Fibonacci retracement levels are based on inclinations which exist in nature and which also exist in the financial markets. The expectations, labeled ‘DFT: expect’, based on these levels, are usually correct. The take profit levels otoh, labeled ‘DFT: predict’, are usually incorrect. The trader should take care and needs proper ‘gut feeling’ in using these
FEATURES TRIGGERED BY THE MARKET ENTERING OR LEAVING ZONES
1. REACTIVE COLORS
The zone in which the close is, is brighter coloured.
2. ENTRY AND EXIT MARKERS NEAR UP- OR DOWN TREND ZONES
If the close enters the Up Trend or Down Trend zone, coming from another zone, a triangle is placed just outside the channel border. If it leaves the zone, an X cross is placed.
3. MARKET SITUATION EXPECTATION LEVELS (OFFSET)
The indicator can report four market situations which may be valid for the last candle:
3.1. Market is in up trend: a blue dot is placed in an offset (=future) position of the High Border,
expect levels are placed offset of High Border and the Highest Fibonacci line,
3.2. Market is in down trend: a red dot is placed offset the Low Border, also expect levels offset the Low Border and the Lowest Fibonacci line.
3.3. Market is high ranging, i.e. last break out was at High Border and market is not in up- or down trend. A green dot is placed offset the Center High Fibonacci line and expect levels offset the Highest and Center Low Fibonacci lines.
3.4. Market is low ranging, i.e. last break out was at Low Border and market is not in up- or down trend. A brown dot is placed offset the Center Low Fibonacci line and expect levels offset the Center High and Lowest Fibonacci lines.
FEATURES TRIGGERED BY AN ATTEMPT TO BREAK OUT OF THE CHANNEL BORDERS
4. SWING LINE
When the High Border is touched, the Swing Line changes its level to the Highest Fibonacci line and changes its color to blue. When the Low Border is touched, the Swing Line changes its level to the Lowest Fibonacci line and changes its color to red. This way you can see whether the general trend is up- or down and also if and when the line has been crossed.
5. DIAMOND MARKERS (OFFSET)
These markers flash when the last bar or candle or the one before that, touches a channel border, the offset is equal to the expect levels.
6. PREDICTION LEVEL (OFFSET)
The prediction level flashes in the same situation as the diamond marker. The default level is 1 Average True Range. Most are in fact false signals. One can switch the prediction level off by setting the added amount to 0, then only the Diamond Markers will flash
OTHER FEATURES
7. HULL MOVING AVERAGE
Its direction provides an indication of the price dynamics.
8. SUPPRESSION OF PLOTTING SOME LAST VALUES
Quite a few lines stop before the last bar or candle. This way the last candle seem free loating and the chart reports only the values the user needs.
Enjoy, Eykpunter.
Highest/Lowest Channel Multi-Time FramePlots the Highest and Lowest source price for N bars back. Similar to Donchian Channels except any price source can be used (best results: close ). Can be set to any interval independent of the chart interval. Repainting will occur if the chart interval is less than the indicator interval.
