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3,274,351 satisfied buyers
Donchian Channel Indicator for MetaTrader4
It is commonly available on most trading platforms. On a charting program, a line is marked for the high and low values visually demonstrating the channel on the markets price (or other) values.
The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. Its primary use, however, is for providing signals for long and short positions. If a security trades above its highest n periods high, then a long is established. If it trades below its lowest n periods low, then a short is established.
Originally the n periods were based upon daily values. With todays trading platforms, the period may be of the value desired by the investor. i.e.: day, hour, minute, ticks, etc.
- You will Need: MetaTrader 4.0 platform.
nstallation:
- Copy the Donchian channel.ex4 file in the c:\Program Files\MetaTrader 4 (directory)\experts\indicators library.
File Data
This file is sold by gazdagan, an independent seller on Tradebit.
| File Size | 1 megabytes |
| File Type | EX4 |