View Single Post
  #1  
Old 01-03-2018, 13:59
Metatrader Indicators Metatrader Indicators is offline
Junior Member
 
Join Date: Sep 2017
Posts: 0
Default Donchian Channel Indicator – indicator for MetaTrader 4

eurusd-m15-forex-capital-markets-2_small.png

Donchian Channel indicator is originally designed by Richard Donchian. The indicator can capture the price movement and the price trend decently. There is only one parameter to set manually, the number of previous trading sessions, or bars, which has a default value of 20. The highest high, the lowest low and their mean value is calculated which indicates the current support and resistance levels. One can use this indicator to develop his/her own scalping strategy. In the following figure, there is an example how to spot a SELL signal for scalping purposes:

How to install Donchian Channel Indicator – indicator for MetaTrader 4.mq4?


    Download Donchian Channel Indicator – indicator for MetaTrader 4.mq4
    Copy Donchian Channel Indicator – indicator for MetaTrader 4.mq4 to your Metatrader Directory / experts / indicators /
    Start or restart your Metatrader 4 Client
    Select Chart and Timeframe where you want to test your MT4 indicators
    Search "Custom Indicators" in your Navigator mostly left in your Metatrader 4 Client
    Right click on Donchian Channel Indicator – indicator for MetaTrader 4.mq4
    Attach to a chart
    Modify settings or press ok
    Indicator Donchian Channel Indicator – indicator for MetaTrader 4.mq4 is available on your Chart

How to remove Donchian Channel Indicator – indicator for MetaTrader 4.mq4 from your Metatrader Chart?


    Select the Chart where is the Indicator running in your Metatrader 4 Client
    Right click into the Chart
    "Indicators list"
    Select the Indicator and delete

Click here below to download:

Reply With Quote