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Donchian Oscillator

Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=2570
Forum: 17 · Topic 2570 · 4 post(s)


Donchian Oscillator

Alexander.Gettinger · Mon Nov 01, 2010 11:39 pm

If Close>max of previous [Period] Bars Oscillator=1 If Close<min of previous [Period] Bars Oscillator=-1

For current bar close price equivalent bid or ask.

DonchianOscillator.png

MT4/MQ4 version viewtopic.php?f=38&t=64177

The indicator was revised and updated


Re: Donchian Oscillator

Alexander.Gettinger · Mon Nov 01, 2010 11:45 pm

Multitimeframe Donchian Heat Map.

EURUSD H1 (01-30-2017 1256).png

For work this indicator must be installed Donchian Oscillator.


Re: Donchian Oscillator

sedraude · Tue Nov 02, 2010 3:13 am

Hi Alexander

Thank you for your awesome indicator. Can you modify this indicator like this:

Middle Donchian Channel Period 1 > Middle Donchian Channel Period 2 = Blue/Up Middle Donchian Channel Period 1 < Middle Donchian Channel Period 2 = Red/Down

NB. We use only middle Donchian Channel [(High+Low)/2].

Thank in advance


Re: Donchian Oscillator

Apprentice · Mon Jan 30, 2017 7:43 am

Indicator was revised and updated.