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

MT4/MQ4 version viewtopic.php?f=38&t=64177
The indicator was revised and updated
Alexander.Gettinger · Mon Nov 01, 2010 11:45 pm
Multitimeframe Donchian Heat Map.

For work this indicator must be installed 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
Apprentice · Mon Jan 30, 2017 7:43 am
Indicator was revised and updated.