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Donchian ForecastDonchian Forecast – multi-timeframe Donchian/ATR bias with ADX regime blending Donchian Forecast is a multi-timeframe bias tool that turns classic Donchian channels into a normalized trend/mean-reversion “forecast” and a single bias value in . It projects a short polyline path from the current price and shows how that path adapts when the market shifts from ranging to trending (via ADX). --- Concept 1. Donchian position → direction For each timeframe, the script measures where price sits inside its Donchian channel: -1 = near channel low 0 = middle +1 = near channel high This Donchian position is multiplied by ATR to create a **price delta** (how far the forecast moves from current price). 2. Local behavior: trend vs mean-reversion around Donchian The indicator treats the edges vs middle of the Donchian channel differently: * By default, edges behave more “trend-like”, middle more “mean-reverting”. * If you enable the reversed option, this logic flips (edges = mean-reverting, middle = trend- like). * This “local” behavior is controlled smoothly by the absolute Donchian position |pos| (not by hard zone switches). 3. Global ADX modulation (regime aware) ADX is mapped from your chosen low → high thresholds into a signed factor in : * ADX ≤ low → -1 (fully reversed behavior, more range/mean-reversion oriented) * ADX ≥ high → +1 (fully normal behavior, more trend oriented) * Values in between create a **smooth transition**. * This global factor can: * Keep the local behavior as is (trending regime), * Flip it (range regime), or * Neutralize it (indecisive regime). 4. Multi-timeframe aggregation (1x–12x chart timeframe) * The script repeats the same logic across 12 horizons: * 1x = chart timeframe * 2x..12x = multiples of the chart timeframe (e.g., 5m → 10m, 15m, …; 1h → 2h, 3h, …). * For each horizon it builds: * Donchian position * ATR-scaled delta (in price units) * Locally + globally blended delta (after Donchian + ADX logic). * These blended deltas are ATR-weighted and summed into a single bias in , which is then shown as Bias % in the on-chart table. --- ### What you see on the chart * Forecast polyline * Starting at the current close, the indicator draws a short chain of **up to 12 segments**: * Segment 1: from current price → 1x projection * Segment 2: 1x → 2x projection * … up to 12x. * Each segment is: * Green when its blended delta is ≥ 0 (upward bias) * Red when its blended delta is < 0 (downward bias) * This is not future price, but a synthetic path showing how the Donchian/ATR/ADX model “expects” price to drift across multiple horizons. * Bias table (top-center) * `Bias: X.Y%` * > 0% (green) → net upward bias across horizons * < 0% (red) → net downward bias * Magnitude (e.g., ±70–100%) ≈ strength of the directional skew. * `ADX:` current ADX value (from your DMI settings). * `ADXBlend:` the signed ADX factor in : * +1 ≈ fully “trend-interpretation” of Donchian behavior * 0 ≈ neutral / mixed regime * -1 ≈ fully “reversed/mean-reversion interpretation” --- Inputs & settings Core Donchian / ATR * Donchian Length – lookback for Donchian high/low on each horizon. * Price Source – input series used for position inside the Donchian channel (default: close). * ATR Length – ATR lookback for all horizons. * ATR Multiplier – scales the size of each forecast step in price units (higher = longer segments / more aggressive forecast). *Local behavior at high ADX * Reversed local blend at high ADX? * Off (default) – edges behave more trend-like, middle more mean-reverting. * On – flips that logic (edges more mean-reverting, middle more trend-like). * The actual effect is always modulated by the global ADX factor, so you can experiment with how the regime logic feels in different markets. Global ADX blending * DMI DI Length – period for the DI+ and DI- components. * ADX Smoothing – smoothing length for ADX. * ADX low (mean-rev zone) – below this level, the global factor pushes behavior toward reversal/range logic . * ADX high (trend zone) – above this level, the global factor pushes behavior toward **trend logic**. * Values between low and high create a smooth blend rather than a hard on/off switch. --- How to use it (examples) * Directional bias dashboard * Use the Bias % as a compact summary of multi-horizon Donchian/ATR/ADX conditions: * Consider only trades aligned with the sign of Bias (e.g., longs only when Bias > 0). * Use the magnitude to filter for **strong vs weak** directional contexts. * Regime-aware context * Watch ADX and ADXBlend: * High ADX & ADXBlend ≈ +1 → favor trend-continuation ideas. * Low ADX & ADXBlend ≈ -1 → favor range/mean-reversion ideas. * Around 0 → mixed/transition regimes; forecasts will be more muted. * Visual sanity check for systems * Overlay Donchian Forecast on your usual entries/exits to see: * When your system trades **with** the multi-TF Donchian bias. * When it trades **against** it (possible fade setups or no-trade zones). This script does not generate entry or exit signals by itself. It is a contextual/forecast tool meant to sit on top of your own trading logic. --- Notes * Works on most symbols and timeframes; higher-timeframe multiples are built from the chart timeframe. * The forecast line is a model-based projection, not a prediction or guarantee of future price. * Always combine this with your own risk management, testing, and judgement. This is for educational and analytical purposes only and is not financial advice.
Wskaźnik Pine Script®
od Tradenometry
Donchian Cloud-V1The Donchian Cloud-V1 is a technical analysis indicator inspired by the Ichimoku Cloud, but with a twist. It utilizes two Donchian Channel midline calculations to create a cloud-like price zone. This indicator aims to help traders identify potential areas of support and resistance, and also suggests that trades should be avoided when prices are within the cloud. How it Works? The Donchian Cloud-V1 calculates two Donchian Channel midlines: Fast Donchian Channel: This midline is based on a shorter period, making it more responsive to price changes. Slow Donchian Channel: This midline is based on a longer period, providing a smoother and more stable cloud formation. The upper and lower bands of the traditional Donchian Channels are discarded, and the midlines become the cloud's upper and lower boundaries. Interpretation Price Above the Cloud: A price move above the cloud can be interpreted as a bullish signal, suggesting potential upward momentum. Price Below the Cloud: A price move below the cloud can be interpreted as a bearish signal, suggesting potential downward momentum. Price Within the Cloud: The indicator advises against taking any trades when the price is within the cloud itself, as the market may be unclear or ranging. Benefits of Using the Donchian Cloud-V1 Visually Appealing: The cloud can provide a clear and concise view of potential support and resistance zones. Customizable: The lengths of the fast and slow Donchian Channels can be adjusted to suit your trading style and preferred timeframe. Complements Other Indicators: The Donchian Cloud-V1 can be used in conjunction with other technical indicators to strengthen trade signals. Limitations to Consider Lagging Indicator: Like many technical indicators, the Donchian Cloud-V1 is based on past price data and may not always perfectly predict future price movements. False Signals: The cloud can generate false signals, especially in volatile markets. Not a Standalone Strategy: The Donchian Cloud-V1 should ideally be used alongside other trading strategies and risk management techniques. The Donchian Cloud-V1 is a valuable tool for traders who want to identify potential support and resistance zones and avoid making trades during periods of market uncertainty. Remember, it's important to backtest and paper trade any indicator before using it with real capital.
Wskaźnik Pine Script®
od Oracle_Systems
[CT] Donchian Histogram w/Candle ColorsDonchian Histogram, originally created by RafaelZioni and enhanced with optional price bar coloring, is a momentum-style oscillator that shows where the current close sits inside a dynamic Donchian channel and how that position is evolving over time. The script calculates a rolling high and low over a multi-session lookback period based on your chosen Donchian timeframe, then normalizes the close within that range to create a percentage position between the recent high and low. This normalized value is smoothed with a signal length and plotted as a histogram around a zero line, making it easy to see whether price is pressing toward the upper side of its recent range, the lower side, or oscillating near the middle. Positive values indicate that price is trading closer to the Donchian high, negative values indicate price is closer to the Donchian low, and the magnitude of the histogram reflects how strongly price is favoring one side of the range. The color logic highlights this state visually: stronger positive conditions can be shown in teal, moderate positive conditions in lime, stronger negative conditions in red, and neutral or transitional states in orange. The script also includes an option to color the actual chart candles with the same colors as the histogram, so traders can see Donchian-based pressure directly on the main price chart without constantly looking down at the lower pane. The indicator works on completed bars using standard highest/lowest and moving average functions, so it behaves like a normal oscillator and does not use any lookahead tricks. It is best used as a contextual tool to gauge whether price is pushing to the edges of its recent range or reverting toward balance, and to visually synchronize that information with candle colors when desired.
Wskaźnik Pine Script®
od ChaosTrader63
2
Donchian MA Bands [LuxAlgo]The Donchian MA Bands script is a complete trend indicator derived from the popular Donchian channel indicator as well as various customizable moving averages to estimate trend direction and build support/resistance levels & zones. 🔶 USAGE The indicator outputs various elements, the main ones being a lower dynamic zone (blue by default), an upper dynamic zone (in orange by default), and one support and resistance level/zones (red/green by default). A prominent lower zone is indicative of an uptrend, while a prominent upper zone is indicative of a downtrend. These zones can be used as support/resistance as well. Support/resistance zones and levels can be used using a breakout methodology or to determine price bounced if a level was tested multiple times. The indicator contains various modes affecting the output of the indicator, described below. 🔹 Clouds Clouds return one upper/lower dynamic zone and look/act similarly to a trailing stop. Price over the lower zone is indicative of an uptrend, and price under the upper zone is indicative of a downtrend. 🔹 Upper Band The upper band mode returns a dynamic zone closer to prices during an uptrend, and farther away during a downtrend. This band can act as a support during uptrends. 🔹 Lower Band The lower band mode returns a dynamic zone closer to prices during an uptrend, and farther away during a downtrend. This band can act as a resistance during downtrends. 🔹 Bands Bands return both upper and lower zones, the zones are more apparent depending on the price trend direction, with uptrends being indicated by a more visible lower zone, and downtrends being indicated by a more visible upper zone. Breakout dots are highlighted when price breakout the indicator displayed extremities, and can be indicative of a confirmed trend reversal. These breakouts can be more effective for trend following during trending markets. Ranging markets might return breakouts highlighting the top/bottom. 🔶 DETAILS The core of this script is the highest / lowest mean average (MA) value for a given number of bars back ( Donchian lines). This is repeated a few times with the obtained values. When Bands are chosen ( Style ) this will be repeated 1 more time. The type of mean average can be customized ( Type MA ), as well as the number of bars back ( Length ). Depending on the choice of bands ( Style ) the script will focus on certain area's of interest. When the option Clouds , Upper band or Lower band is chosen, an extra feature, support/resistance (S/R), will be shown. These color-filled areas are visible when there is a difference between the 2nd and 3rd highest/lowest values. The lines/areas can be used for stop loss, entry, exit,... You can set the type of MA and Length separately ( Settings -> S/R ). If you don't need this feature, simply set Type ( Settings -> S/R ) -> NONE The shape sometimes resembles triangles, indicating a potential direction Default the average of the highest and lowest values is plotted (Style -> Mid Donchian) This can act as potential support/resistance or visualization of the trend, the mean average is not plotted but can be (Style -> MA) 🔹 Note When the option Bands is chosen, an indication is plotted when the closing price breaks above the highest band or breaks below the lower band. This isn't necessarily a buy/sell signal, it is merely a signal that these lines are broken. Users should decide on their own how they use the bands/lines/areas as entry, exit, trailing stop, stop loss, profit taking,... 🔶 SETTINGS 🔹 Bands Style: Clouds (default), Upper band, Lower band, Bands Type MA: choose between SMA, EMA, RMA, HullMA, WMA, VWMA (default), DEMA, TEMA, NONE (off) Length: Length of moving average and Donchian calculations (default 20) Colour Bands 🔹 S/R (Support/Resistance, visible with Clouds, Upper band or Lower band) Type MA: choose between SMA, EMA, RMA, HullMA, WMA, VWMA (default), DEMA, TEMA, NONE (off) Length: Length of moving average and Donchian calculations (default 20) Colour S/R
Wskaźnik Pine Script®
od LuxAlgo
4
Donchian Channel Trend Tracker by KellyLikesCrypto### Overview This indicator is written in Pine Script® (version 6) and is designed to overlay on a price chart. It combines the classic Donchian Channel—a tool popular among trend-following traders—with additional trend-tracking features. By identifying when the channel’s highs and lows are making new extreme values, the indicator helps signal potential trend shifts. It is especially suited for scalpers using 1-hour charts, as it provides clear, actionable signals for rapid entry and exit decisions. --- ### Key Components & Inputs 1. **User Inputs:** - **Length:** The period over which the indicator calculates the highest high and the lowest low (default is 27 bars). This value can be adjusted to smooth or tighten the channel based on the trader’s preference. - **Offset:** A parameter allowing the plotted lines to be shifted left or right on the chart, providing flexibility in aligning the indicator with price action. 2. **Donchian Channel Calculations:** - **Lower Bound (`lower`):** Calculated using `ta.lowest(length)`, it identifies the lowest low over the defined period. - **Upper Bound (`upper`):** Determined by `ta.highest(length)`, capturing the highest high during the same period. - **Basis:** The midline of the channel, computed as the average of the upper and lower bounds. This line can serve as an equilibrium or reference point in the trend analysis. --- ### Visual Representation - **Plotting the Channels:** - The **basis** is plotted in a standout orange color (#FF6D00) to make the central trend reference easily visible. - The **upper** and **lower** bounds are plotted in blue (#2962FF), creating clear boundaries for the price action. - The area between these two lines is filled with a semi-transparent blue, enhancing the visual context of the channel and helping traders quickly assess whether price is near an extreme or within a normal range. --- ### Trend Identification Logic Beyond plotting the basic Donchian Channel, the indicator introduces additional logic to track short-term trend changes: 1. **Higher Highs and Higher Lows:** - **Higher High (`higherHigh`):** This condition checks if the current upper bound is greater than the previous bar’s upper bound, signaling a potential upward push. - **Higher Low (`higherLow`):** Similarly, it checks if the current lower bound exceeds the previous bar’s lower bound, reinforcing an upward trend if the support level is rising. 2. **Lower Highs and Lower Lows:** - **Lower High (`lowerHigh`):** This evaluates if the current upper bound is less than that of the previous bar, indicating a possible downward shift. - **Lower Low (`lowerLow`):** It verifies if the current lower bound is lower than the previous bar’s, further confirming a bearish tendency. The use of the `nz()` function ensures that on the very first bar—where no previous data exists—the code handles the values gracefully without causing errors. --- ### Visual Markers for Trend Signals To make trend signals immediately apparent: - **Markers are Plotted on the Chart:** - **Green Labels ("HH" and "HL"):** These are placed on the chart when the indicator detects higher highs or higher lows, suggesting bullish momentum. - **Red Labels ("LH" and "LL"):** These markers are shown when lower highs or lower lows are detected, indicating bearish pressure. Each label is plotted either above or below the corresponding bar, ensuring that the chart remains uncluttered and that the trend signals are clear. --- ### Scalping Strategy on 1-Hour Charts This indicator is specifically tailored for scalping strategies on 1-hour charts. Scalping involves capturing small, rapid profits from short-term price movements, and the clear trend signals provided by this tool can help traders pinpoint optimal entry and exit points. Here’s how it integrates into a scalping strategy: - **Quick Trend Identification:** The green markers (HH and HL) suggest bullish conditions ideal for quick long entries, while the red markers (LH and LL) signal bearish conditions suitable for short entries. - **Timing and Precision:** On a 1-hour chart, the indicator’s sensitivity to higher highs and lower lows allows traders to make rapid decisions aligned with the prevailing trend. - **Complementary Analysis:** While the indicator provides fast signals, it is recommended to use it alongside additional tools (like oscillators or volume analysis) and strict risk management practices, ensuring that scalpers can confirm entries and exits efficiently. By leveraging the indicator’s visual cues within a broader scalping framework, traders can enhance their ability to capture quick moves, thus optimizing their overall strategy on 1-hour timeframes. --- ### Conclusion The “Donchian Channel Trend Tracker by KellyLikesCrypto” is a powerful tool for visualizing price extremes and trend direction. By combining the classical Donchian Channel with additional trend-tracking markers, it offers traders a clear and immediate way to assess whether the market is gaining bullish momentum or beginning to turn bearish. Its customizable parameters and clear visual signals make it particularly effective for a scalping strategy on 1-hour charts, where rapid decision-making is crucial. This detailed breakdown should provide a comprehensive understanding of how each component of the indicator works together and how it can be effectively integrated into a short-term scalping strategy.
Wskaźnik Pine Script®
od KellyLikesCrypto
Donchian Trend Ribbon (Gradient)Donchian Trend Ribbon (Gradient) Indicator The Donchian Trend Ribbon (Gradient) uses Donchian Channels to visualize trend direction, strength, and market phases. Columns with varying colors and intensity help traders quickly assess trends. Key Components: Green Columns (Bullish): Appear when price is above the upper Donchian Channel boundary. Bright green in the top zone (25-50): Strong bullish trend. Darker green in the lower zone (0-25): Weak/moderate bullish trend. A full-height bright green column indicates a very strong upward move. Red Columns (Bearish): Appear when price is below the lower Donchian Channel boundary. Bright red in the top zone (25-50): Strong bearish trend. Darker red in the lower zone (0-25): Weak/moderate bearish trend. A full-height bright red column indicates a very strong downward move. Black Columns (Neutral): Indicate no trend or market consolidation. Signal to wait for trend emergence. Expanding Steps: Steps expanding downward from the upper edge (50) suggest diminishing momentum. Steps expanding upward from the lower edge (0) indicate growing trend strength. Methods of Use: Identify Trends: Green (buy) or red (sell) columns in the top zone (25-50) signal strong trends. Assess Strength: Bright colors = strong trends, darker colors = weaker trends. Full-height bright columns indicate very strong moves. Neutral Phases: Black columns suggest waiting for a trend. Example Strategy: Buy when green columns appear in the 25-50 range with bright intensity. Sell when red columns appear in the 25-50 range with bright intensity. Exit positions if columns turn black or darker-colored.
Wskaźnik Pine Script®
od Spincode2
3
Donchian Screener█ OVERVIEW This is a screener script for the Donchian Channel indicator . It's an excellent indicator for trend following, a trading strategy which tries to take advantage of long, medium or short-term moves that seem to play out in various markets. █ DESCRIPTION The screener works by scanning through up to 10 symbols and list down symbols that are currently breaking through the upper or lower band as definied by the Donchian Channels, at which point the market signals the start of a bullish or bearish trend. █ HOW TO USE After adding the indicator, open the script settings and type the symbol name and length to be used on the Donchian Channels for each stock. █ PARAMETERS - Use High/Low Price Breakouts: check this box if you want to use price high/low instead of price close to identify breakouts - Panel Position: choose whether you want to position the panel on the top, middle or bottom right side of the graph (default is top) - Default Timeframe: what timeframe to use on the screener (default is daily) - Ticker: the ticker name you want to monitor - Length: length parameter used on Donchian Channel indicator █ FEATURES The screener can scan up to 10 symbols each time. █ LIMITATIONS The screener will scan the symbols breaking out bands on the current bar, and as such, there maybe some delays depending on the stock/ etf /crypto you choose. Some exchanges require an additional subscription to get realtime data.
Wskaźnik Pine Script®
od starbolt
1
Donchian Channels (Multi Time Frame) x 3)📊 MTF Donchian Channels Pro — Triple Timeframe Structure MTF Donchian Channels Pro is a professional-grade multi-timeframe market structure indicator designed to help traders visualize trend, momentum, and execution zones on a single chart. This tool allows you to plot up to three independent Donchian Channels, each with its own configurable timeframe and lookback length, giving you instant insight into multi-timeframe alignment and breakout conditions. By stacking higher, medium, and lower timeframe channels, traders can eliminate noise, improve timing, and trade in the direction of dominant market structure. 🔧 Key Features ✅ Up to 3 independent Donchian Channels ✅ Individual timeframe selection for each channel ✅ Adjustable lookback length per channel ✅ Optional show/hide per channel ✅ Midline (basis) for structure reference ✅ Clean visual fills for fast interpretation ✅ Works on all markets and timeframes 🎯 How to Use This indicator is designed to support multi-timeframe trading systems. Example configuration: • Channel 1 → Lower timeframe (Execution) • Channel 2 → Medium timeframe (Momentum) • Channel 3 → Higher timeframe (Structure) Long Bias Example Price above higher timeframe channel Pullback into mid timeframe range Breakout on lower timeframe channel Short Bias Example Price below higher timeframe channel Retrace into structure Breakdown on execution timeframe When all channels align, probability increases. 📈 Best Use Cases ✔ Futures Scalping ✔ Options Day Trading ✔ Forex & Crypto ✔ Swing Trading ✔ Prop Firm Evaluations ✔ Trend-Following Systems ⚠️ Risk Disclaimer This indicator is a market structure visualization tool and does not provide financial advice. Always use proper risk management and confirm with your own strategy.
Wskaźnik Pine Script®
od Marketscope
Donchian Channels Osciliator with MA validationWhat's it all about? This nifty little tool, the Donchian Channels Oscillator, helps you spot when a stock might be overbought or oversold. It's like a price detective, looking for clues in the historical data to figure out if it's time to buy or sell. How does it work? Think of it as a seesaw. When the price is way above the Donchian Channels, it's like the seesaw is tilted too far to one side. That might mean it's time to sell before it falls. On the other hand, if the price is way below the channels, it's like the seesaw is tilted too far to the other side. This could be a good sign to buy, as the price might be ready to bounce back. Key Points: Donchian Channels: These are like safety nets. They're calculated based on the highest and lowest prices over a certain period. Oscillator: This is just a fancy word for a tool that swings back and forth. In this case, it swings between overbought and oversold zones. EMA-Line: This is a smoothed-out version of the oscillator. It helps you see the overall trend more clearly. How to Use It: Add it to your chart: Find it in the indicator search bar. Adjust settings: You can tweak the length of the Donchian Channels and the offset to fit your trading style. Watch the swings: When the oscillator goes way up, it might be time to sell. When it goes way down, it might be time to buy. But always use this with other indicators for confirmation. Remember: This is just a tool, not a magic crystal ball. Don't rely solely on it for trading decisions. Always do your own research and consider other factors. Happy trading!
Wskaźnik Pine Script®
od Oracle_Systems
Donchian RSI BandsThis little mashup of mine is called the Donchian RSI Bands. It consists of two RSI's, a Donchian Channel, & Bollinger bands, which can all be turned on or off depending on your preferences. The main RSI is set to the 7 length and the second RSI is set to the default 14 length. When used together, they form an RSI cloud. The Bollinger Bands are set to the 35 length and use two sets of adjustable deviations to form the bands. The inner band is set to 0.25 deviation and the outside is set to 0.5. Generally, the Bollinger Bands deviation is set to 2 but for this idea, when the RSI is inside the Bollinger Bands, there's a higher possibility of chop. The stronger Bullish or Bearish trend will be when the main RSI is trending above or below the Bollinger Bands. The RSI color is Bullish when the RSI is above the Upper Bollinger Band, Neutral when the RSI is inside the Bands, and Bearish when the RSI is below the lower Bollinger Band. The wider you adjust the Outer Band Deviation, the wider the Neutral zone will be. The width of the Bollinger Band Basis can also be adjusted so you could widen it all the way out to the Bands which will form a fully shaded channel to avoid trading when the RSI is trending inside. The Donchian Channel is set to 70, which 2x the Bollinger Band length. I use it for longer term trends and possible trend reversals. There are 3 options for Barcoloring: RSI Bollinger Bands RSI Cloud & when the RSI is above/below the Donchian Channel Basis
Wskaźnik Pine Script®
od BygMyke
2
Donchian Channel CloudsFor this indicator, I got inspired by this paragraph in an article on Investopedia: "Donchian channels also make natural partners with another moving average indicator for a crossover strategy. The Donchian moving average middle line is likely to form the short-term average in these situations, although some have used a 20-day Donchian channel in conjunction with a five- or 10-day channel to exit a position before a consolidation eats into short-term profits." The default is a 20-period Donchian channel with the middle line from a 10-period channel superimposed on it. Red for 20, green for 10. When 10 is over 20, the cloud between them is green; the cloud is red when 20 is over 10.
Wskaźnik Pine Script®
od stvch
Donchian Reversal Scanner by Hitesh2603How It Works: Bearish Side Logic: If the price is falling with bearish candles and touching the lower Donchian Channel, the bearishCondition flag is set to true. When a bullish candle appears afterward, the flag is reset, and the bullishReversalSquare condition becomes true. Bullish Side Logic: If the price is rising with bullish candles and touching the upper Donchian Channel, the bullishCondition flag is set to true. When a bearish candle appears afterward, the flag is reset, and the bearishReversalSquare condition becomes true. Plotting Squares: A green square is plotted below the candle when bullishReversalSquare is true. A red square is plotted above the candle when bearishReversalSquare is true. Scanner Output: The scanCondition variable is true when either bullishReversalSquare or bearishReversalSquare is true. How to Use the Script: On the Chart: Add the script to your chart. You will see squares plotted on the chart when the conditions are met: Green squares below the candle for bullish reversals. Red squares above the candle for bearish reversals. In the Scanner: Open the Scanner tab in TradingView. Click on "Create New Scanner". In the "Condition" field, select the script you just created. Choose the market or watchlist you want to scan (e.g., "NYSE", "NASDAQ", or a custom watchlist). Run the scan. The Scanner will return a list of instruments where the scanCondition is true. Why This Works: The scanCondition variable is now properly declared and used. The plotchar function explicitly outputs the scanCondition variable as a plot, which the Scanner can recognize.
Wskaźnik Pine Script®
od Hitesh2603
Donchian Channels + Avg Width % DashboardMeasures the average percentage width between the Donchian Channel’s upper and lower bands over a chosen period. It quantifies how much the market has been moving relative to price — a direct gauge of realized volatility. When the average width is small, price is range-bound and unlikely to reach fixed TP targets; when it expands, volatility is sufficient for trend or breakout trades. Based on how fast your strategy is, set your TP% below the average percentage of the Band Width.
Wskaźnik Pine Script®
od mehrdaddxgpem
Donchian Channels OscillatorIf we take the difference between Donchian Channels upper and lower, we can get a lot of information on the trend. I made it into a percentage and used a color system to make it easy to look at. > green color = bullish trend > red color = bearish trend > white color = consolidation OR trend is about to change (low percentage) The percentage value tells us about the strength of the trend. The highest, the strongest the trend is.
Wskaźnik Pine Script®
od cyatophilum
5
Donchian Channels Strategy by KrisWatersDoncian Channels is a trend tracking indicator developed by Richard Doncian. The upper line of the channel is determined by the highest value seen by the price in the defined period, the lower line of the channel is determined by the lowest value seen by the price in the defined period. The middle line takes the average value of the lower and upper channels. Strategy Settings: - Can apply only LONG positions. - Can apply only SHORT positions. - Use LONG/SHORT both. - You can use ATR as a second exit condition. If ATR stop disabled, Donchian upper or lower channel value is use for the exit rule to long and short positions. Strategy can be able to optimize by changing channel lengths and timeframe.
Strategia Pine Script®
od kriswaters
8
Donchian Channel Strategy [for free bot] I present to you a script for testing the Donchian channel breakout strategy for the Binance_exchange. This strategy is trending, and is especially effective for trading cryptocurrency futures. This strategy is very flexible, and you can configure virtually all possible parameters, moreover, separately for longs and separately for shorts. In the script, you can configure the parameters of the channel for entry and exit, the exit method, enable or disable purchases / sales, specify take profit and stop loss, and more. On the example of optimization, only 20% of the deposit is used. This is done for diversification, since there are 37 contracts on binance_futures (at the time of writing the script description). That is, by optimizing the parameters for different currencies, you can very well reduce risks. Представляю Вам скрипт для тестирования стратегии пробоя канала Дончиана для биржи Бинанс. Данная стратегия относится к трендовым, и особенно эффективная на торговли криптовалютных фьючерсов. Данная стратегия очень гибкая, и можно настроить фактически все возможные параметры, при чем, отдельно для покупок и отдельно для продаж. В скрипте можно настроить параметры канала на вход и на выход, метод выхода, разрешить или запретить покупки/проаджи, указать тейк-профит и стоп-лосс и другое. На примере оптимизации используется всего 20% от депозита. Это сделано для диверсификации, так как на фьючерсах бинансе присутсвует 37 контрактов (на момент написания описания скрипта). Т.е., оптимизировав параметры под разные валюты, можно очень хорошо снизить риски.
Strategia Pine Script®
od AlgoTrading_CC
19
Donchian Cloud - evoA cloud based on the highest high and lowest low of a given period (Donchian), same lines used in Ichimoku Cloud (Conversion line or Base line). Short term line is based on current time frame, long term line is based on your given multiple of current time frame. The color of the lines is based on up or down movement. I stole a piece of code from PineCoders for the multiple time frame: I have not used this in my trades (yet) so I don't know how good it is, just posting because it looks nice :) Feel free to share your settings if you can find good ones.
Wskaźnik Pine Script®
od EvoSti_
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