Forex Forums | ForexLasers.com |
|
|
LinkBack | Thread Tools | Search this Thread |
#1
|
|||
|
|||
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: |
Thread Tools | Search this Thread |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
ATR Channel – indicator for MetaTrader 4 | Metatrader Indicators | FX Indicators Download Database | 0 | 01-03-2018 13:59 |
Doda-Donchian v2 mod – indicator for MetaTrader 4 | Metatrader Indicators | FX Indicators Download Database | 0 | 01-03-2018 13:59 |
Doda-Donchian with stop-loss feature – indicator for MetaTrader 4 | Metatrader Indicators | FX Indicators Download Database | 0 | 01-03-2018 13:59 |
Channel ZZ – indicator for MetaTrader 4 | Metatrader Indicators | FX Indicators Download Database | 0 | 27-12-2017 10:56 |
Limited Donchian Chanel Indicator – indicator for MetaTrader 4 | Metatrader Indicators | FX Indicators Download Database | 0 | 27-12-2017 10:56 |