Inizia

Canali Donchian (DC)

Donchian Zig-Zag [LuxAlgo]The following indicator returns a line bouncing of the extremities of a Donchian channel, with the aim of replicating a "zig-zag" indicator. The indicator can both be lagging or lagging depending on the settings user uses. Various extended lines are displayed in order to see if the peaks and troughs made by the Donchian zig-zag can act as potential support/resistance lines. User Settings Length : Period of the Donchian channel indicator, higher values will return fewer changes of directions from the zig-zag line Bounce Speed : Determine the speed of bounces made by the zig-zag line, with higher values making the zig-zag line converge faster toward the extremities of the Donchian channel. Gradient : Determine whether to use a gradient to color the area between each Donchian channel extremities, "On" by default. Transparency : Transparency of the area between each Donchian channel extremities. Usage It is clear that this is not a very common indicator to see, as such usages can be limited and very hypothetical. Nonetheless, when a bounce speed value of 1 is used, the zig-zag line will have the tendency to lag behind the price, and as such can provides crosses with the prices which can provide potential entries. The advantage of this approach against most indicators relying on crosses with the price is that the linear nature of the indicator allows avoiding retracements, thus potentially holding a position for the entirety of the trend. Altho this indicator would not necessarily be the most adapted to this kind of usage. When using a bounce speed superior to 1, we can see the predictive aspects of the indicator: We can link the peaks/troughs made by the zig-zag with the precedent ones made to get potential support and resistance lines, while such a method is not necessarily accurate it still allows for an additional to interpret the indicator. Conclusions We presented an indicator aiming to replicate the behaviour of a zig-zag indicator. While somehow experimental, it has the benefits of being innovative and might inspire users in one way or another.
Indicatore Pine Script™
di LuxAlgo
31
Relative Channel BandwidthThis indicator uses different volatility channels - Bollinger Band, Donchian Channel and Keltner Channel width to measure volatility. Indicator plots channel bandwidth percentage with respect to close price. This is not same as Bollinger Percent B - which is measure of where price is with respect to band. Instead this indicator is similar to ATR Percent indicator published here: Plotting is color coded to indicate volatility zone: Red : Extreme volatility Orange : High volatility Lime : Low volatility Green : Extreme low volatility These levels are again derived by long period bollinger bands
Indicatore Pine Script™
di Trendoscope
Adoptive Supertrend - BandsAnother adoption of supertrend. This time based on different channels - Bollinger Band, Keltner Channel, Donchian Channel and Pivot point based Donchian channel. When price hits top of bands, it is considered as start or continuation of uptrend. When price hits bottom of the band it is considered as start or continuation of downtrend. Hence, supertrend is drawn based on these calculations. Use ATR Periods and ATR Multiplier to create stops certain ATR away from band's top and bottom. Other supertrend adoptions published are here: Pivot point based donchian channel is published here:
Indicatore Pine Script™
di Trendoscope
6
Donchian Channel - Pivot High-LowCombining Pivot High Low and Donchian Channel - both of which are useful indicators for trend following. Donchian Channel shows highest and lowest prices for X number of bars. Pivot High-Low identifies when price made new Highs and Lows Applying Donchian Channel on Pivot High-Low channel, we are plotting highest and lowest pivots formed in X bars. In this indicator, we have 3 options for Channel Base : Price : This is regular Donchian channel based on High-Low Price Pivots : This is Donchian channel based on pivot points. Combined : Combines both. Takes highest of Price and Pivots for plotting high, lowest of Price and Pivots for plotting low
Indicatore Pine Script™
di Trendoscope
5
Donchian DipThe Donchian Dip This strategy is designed to look for good "Buy the Dip" entries on stocks that are clearly in a strong 1-year upward trend. If you do not know how to identify those stocks on your own please do not use this system or continue your education until you do. The Donchian Dip strategy was designed on the daily time frame but works amazingly well on both daily and weekly timeframes. It does still work on intraday charts also if the current trend on the daily chart is in a strong uptrend. Chart Setup: 3-period Donchian Channel with a 1-period offset (hide basis) Bollinger Bands with the default settings of 20/2 (display basis) Entry Signals: There are 3 different entry signals that will be printed on the chart that have similar underlying criteria but are ranked based on skill level just like ski slope skill levels! I recommend only taking green entries until you are familiar with the system and the stocks you are trading. Green Easy Entry: This is the safest buy the dip entry that is normally found at or near a large retracement bottom. You might get one or two bad entries but be persistent and eventually, a great entry will present itself! These are the specifics for the conditions that trigger a Green entry if you want to know what they are: 1. The current bar is an up bar (green or white bar) and closed above the lower Donchian channel 2. Previous bar or 2 bars back closed below the lower Donchian channel 3. Previous bar or 2 bars back closed below the Bollinger Band Basis (20 SMA ) 4. The low of the previous bar or 2 bars back was below the lower Bollinger Band Blue Intermediate Entry: This is a decent entry if you missed the green entry, want to add to an existing position, or are not sure it will pull back far enough to even give a green entry. I would suggest only trade these entries to add to an existing pyramid position or get back into a trade that you were recently stopped out of. However, on high-flying stocks like TSLA these signals and the Black Diamond entry signals might be the only ones you get for a long time. Also, on the weekly chart, Blue or Black entries are sometimes all you will get for a year or more. These are the specifics for the conditions that trigger a Blue entry if you want to know what they are: 1. The current bar is an up bar (green or white bar) and closed above the lower Donchian channel 2. Previous bar or 2 bars back closed below the lower Donchian channel 3. Previous bar or 2 bars back closed below the Bollinger Band Basis (20 SMA ) Black Diamond Advanced Rule: This is normally just a small pullback re-entry signal on a strong trending stock like TSLA ...trade with extreme caution!!! You have been warned but daredevils feel free to give it a shot. I sometimes do trade these entries if the market and sector of the stock I am trading are extremely bullish or if I am looking to add to a position but I use a conservative stop. These are the specifics for the conditions that trigger a Black entry if you want to know what they are: 1. The current bar is an up bar (green or white bar) and closed above the lower Donchian channel 2. Previous bar or 2 bars back closed below the lower Donchian channel 3. Previous bar or 2 bars back closed above the Bollinger Band Basis (20 SMA ) Exit Criteria: The goal of this strategy is to buy the dip and hold as long as possible...let's practice some Paytience and exercise those holding muscles! RLT!!! So, we don't want to exit early but we also want to protect our profits somehow. We do this by using the built-in trailing stops that are defined by dots of three different shades of purple on the chart (feel free to change these in the settings). Simply move your trailing stop to the highest current dot price level. Do not move the trailing stop down ever even if a lower dot is printed later. These are simply the suggested trailing stops and definitely use your own judgment for exits but if you backtest this strategy enough you will most likely discover that in the long run, these trailing stops work really well. I hope this strategy helps you to identify good "Buy the Dip" entries on stocks you love as well as trains you to hold your winners longer for bigger gains. ***HOW TO ADD TO YOUR CHARTS*** 1) Click the "Add to Favorite Scripts" button 2) Go to a stock chart and click the "Indicators" icon at the top 3) Next, on the left, click the "Favorites" and then click the "Naked Put - Growth Indicator v2" 4) It should appear on your charts, and you can click the "gear" icon on the study to edit a few settings. 5) Read the release notes above so you understand how it works.
Indicatore Pine Script™
di Dustin_D_RLT
8
TrendLine ChannelsAbstract This script provides a set of Trendline Channels which can be tighter than Donchian Channels. This script computes the most suitable active upper and lower trendlines and updates them as soon as possible. We can use it for breakout signals earlier than Donchian Channels. Introduction Channels are tools which can mark area of values of ranging markets. Once the price leaves the original region, range traders may start admitting they are wrong and trigger trend. Donchian Channels (misheard as Dungeon Channels) use the highest and the lowest price to define area of values. When the price breakouts, it just like it got released from a dungeon. However, waiting for the price making even higher or lower may be too late and risk reward ratio may be lower. Trendlines can make the channels tighter and we can find earlier breakout signals. Computing Trendline Channels (1) Find the most active trendlines In this script, a valid trendline connects two high values or two low values. A high value means the highest value in a trading day. A low value means the lowest value in a trading day. In this script, every trendline does not crossover any bar but can exactly touch them. The most flat trendline is taken. (one for upper and one for lower) (2) Continue to use or Change a trendline If there is a tighter trendline available, this script changes to use it. If the previous active trendline is broken, this script re-computes the trendline available. When this case happens, this script display with an another color. Otherwise, this script continues using the previous trendline. (3) Middle line The middle line indicates the middle value between the upper and the lower. Parameters Length : how many days are used for computation. The default value is 16 just because 16=4*4, using binary characteristic. x_go_on : If the previous trendline is not breakout and there are no tighter trendlines available, we continue use it. Color Options (1) Upper trendline (no update or tighter) (2) Upper trendline (changed due to breakout) (3) Middle line (4) Lower trendline (no update or tighter) (5) Lower trendline (changed due to breakout) Conclusion Trendline Channels can be tighter than Donchian Channels and evaluate earlier breakout signals. Comparing to known auto trendline scripts, Trendline Channels is continuous. Once a trendline is broken, Trendline Channels can instantly point out the next available one. If you think the price movement is boring or you cannot have good risk reward ratio, you can go to an another timeframe. Reference How to trade with Donchian Channels How to trade with Trendlines
Indicatore Pine Script™
di clocks156t174
SALEH MACD Donchian + EMA & MACD + ADXI gathered all the signals coming from the MACD & Donchian channels indicators and filtered them with EMA 200 or ADX > 25 indicators (which both of them show the trend), and put them on the chart to show me the buy and sell signals; the signals rules are as following: BUY: when we have an uptrend ( the price is above the EMA 200 or ADX > 25 ) & the macd line cross up the signal line while they are both under the 0 level of histogram it generates buy signals. SELL: when we have a downtrend ( the price is below the EMA 200 or ADX > 25) & the macd line cross below the signal line while they are both above the 0 level of histogram it generates sell signals. Donchian channel works as a confirmation for the macd signal. this signals work best at London session, you can also filter them by chandelier exit indicator.
Indicatore Pine Script™
di slhtgh
7
BuyHigh-SellLow StrategyYeah. You read it right. It's not a mistake. It is buy high and sell low strategy. Main entry condition is to buy when price hits 40 day Donchian channel top. This is combined with my other regular filters which are aligned moving average and new high/low filter and yearly high/low filter. Exit condition can be based on two things: Donchian channel : Set appropriate DonchianExitLength. Lower line of donchian channel acts as trailing stop. ATR Based trailing stop : Select appropriate ATR multiplier and length. What a surprise!! You can buy high, sell low and still make money.
Strategia Pine Script™
di Trendoscope
2
Step RiderRelease Note: Idea of this script is to ride on the trend. Multiple dynamic support and resistance are identified and those levels are used Step Lines: There are 3 different periods by default are used to define 3 different step lines. On any trend, either of these 3 steps shall play major role Color Strength: Change in Red & Green color and its thickness changed based on how strong the up or down trend is. Disclaimer: //Disclaimer: Idea of publishing this script is to identify the strength of the instrument using multiple confirmation. //Disclaimer: Using this indicator, changing inputs, and trading decisions are up to the users/traders. //Courtesy: Thanks to Richard Donchian, Alan Hull as this indicator/script inspired by Donchian Channels, Hull Moving Average
Indicatore Pine Script™
di pckalai
4
SALEH All in One Strategythis script is based on MACD strategy for MACD: when we have an uptrend ( the price is above the EMA 200) & the macd line cross up the signal line while they are both under the 0 level of histogram it generates buy signals. when we have a downtrend ( the price is below the EMA 200) & the macd line cross below the signal line while they are both above the 0 level of histogram it generates sell signals. donchian channel works as a confirmation for the macd signal. this strategy works best at London session. feel free to comment best regards Forexsquad2020
Indicatore Pine Script™
di slhtgh
Donchian BlasterRelease Note: Keeping in mind of getting full potential of Donchian Channels, As part of this script, Linear Regression is used as primary source to identify trend and execute the trades. Hull Moving Average given as alternative option in place of Linear regression. Linear Regression: Linear regression used to identify trend, trade setup, and stop. Based on this, Color fillings on Donchian channels is updated. That will give clear idea of strength or weakness in any trading instruments. HMA: HMA used as alternative to identify trend, trade setup, and stop. Based on this, Color fillings on Donchian channels is updated. That will give clear idea of strength or weakness in any trading instruments. Donchian Channels: As it is one of the oldest trend riding system, combined here with differentiation in color will help to go with the trend. Inputs: Input periods can be changed by users/traders as per their understanding and observations. //Disclaimer: Idea of publishing this script is to identify the strength of the instrument using multiple confirmation. //Disclaimer: Using this indicator, changing inputs, and trading decisions are up to the users/traders. //Courtesy: Thanks to Richard Donchian, Alan Hull, and author of LSMA as this indicator/script inspired by Donchian Channels, Hull Moving Average, and LSMA
Indicatore Pine Script™
di pckalai
12
2HLA very simple, almost naive strategy, in which you buy on the lowest of the two previous candles and sell at the highest of the two previous candles. You can configure these highest and lowest lenght, in some assets two is too small of a number to make profit. You can also configure to exit the position after X, and I found that 7 (which is a week of working days) is a good number for that. This is strategy is intended to be used as a swing trade. Your capital needs to be high enough so that it can pay the operaitonal costs, and reach it's target with a reasonable profit. Since this is a volatility based strategy, assets that are more liquid won't work properly.
Strategia Pine Script™
di EduardoMattje
7
[M2J] Indicator | Turtle Atom Duck Signal Turtle Atom Duck shows potential buy and sell It consist of 3 indicators Turtle - Donchian Channel - bullish when price close above previous 1 bar high - bearish when price close below previous 1 bar low Atom - Bollinger Band - bullish when price close above upper band - bearish when price close below lower band Duck - Moving Average (Default 50-period EMA) - bullish when price close above moving average - bearish when price close below moving average When all 3 are bullish, buy signal appears When all 3 are bearish, sell signal appears Screener Turtle Atom Duck Example: FBMKLCI Technology Sector Health Sector TOPGLOV BINTAI XOX PRLEXUS JCY EURUSD XAUUSD
Indicatore Pine Script™
di Mango2Juice
10
Donchian Channels Strategy - Long Term TrendFor Educational Purposes. Results can differ on different markets and can fail at any time. Profit is not guaranteed. This only works in a few markets and in certain situations. Changing the settings can give better or worse results for other markets. This is a longer term trend following strategy that uses Donchian Channels for trend following and uses the upper and lower bands to find price breakouts to enter the market and then uses the middle band as a trailing stop to exit. DCs are known as the original trend following strategy made by Richard Donchian. Usually the middle band uses the same length of the upper and lower bands in its calculation but I included the default option of using a middle band that is double the length of the other bands, but also an option to use the regular input length that most Donchian strategies use if needed. If long term trends are somehow found, this longer middle band lets the profits run longer and lets you see where the long trends were at if the market had any. The double lengthed middle band looks surprisingly very similar to a 3x ATR trailing stop, which is the recommended setting Wilder suggested for trend following. If a good ATR stop or other trailing stop can't be found, this longer middle band can act as a substitute for it. For some reason I can't seem to find anything related to Donchian strategies on here despite the popularity and simplicity of it, not even a single working one to my liking, so I made my own. It seems this strategy only works in trending markets. I intentionally handpicked a market that the backtest does well on to illustrate the potential it might have for other markets where trending following strategies might work on and what to expect the results in those might be. Trend following strategies are said to have high profits but at the same time lower accuracy due to the failure rate of being able to catch the right trend. If you all got any suggestions or feedback please let me.
Strategia Pine Script™
di SparkyFlary
1
Lagged Donchian Channel + EMAThis strategy is based on a lagged 24 periods Donchian Channel and a 200 periods EMA . The enter positions are calculated this way : Bull entry 1. we wait for the close of a candle below the channel and it must be below the 200 EMA 2. the following candle must be a green one and close in the lagged channel 3. we put a long order at the close of the second candle, a stop loss at the low of last 3 candles and a x3 take profit Bear entry 1. we wait for the close of a candle above the channel and it must be above the 200 EMA 2. the following candle must be a red one and close in the lagged channel 3. we put a short order at the close of the second candle, a stop loss at the high of last 3 candles and a x3 take profit For both long or short positions : If the order is not filled, it's cancelled if the price reach 50% of the TP or if the price reach the stop loss level The position is closed if a new bear/bull condition appears in the other side of the position (if a bear appears when you're long and inversement) Features : Position calculator's included with leverage option Labels of position can be plotted or not Bull/Bear channels can be plotted with red and green filled All parameters can be changed for backtesting Better results have been got with defaults parameters on LTCUSDTPERP in H1 timeframe => profit factor of 2.84 with almost 100 positions. Hope this strategy will be useful and it would be cool if I could get feedback, comments or better combinations of parameters !! Don't hesitate to like and leave a comment ;) @Mysteriown
Strategia Pine Script™
di UnknownUnicorn4889556
5
Modified Donchian ChannelRelease Note: This indicator setup highly inspired by Donchian Channel and Hull Moving Average. Big thanks to both Richard Donchian and Alan Hull. Back test and live test it and come to conclusion of how to use this indicator for live trading. 200 HMA: 200 Hull Moving Average plays major role in deciding the right trades using Donchian Channel. As part of this setup, If price is below 200 HMA, then the Donchian Channel is highlighted in Red color If price is above 200 HMA, then the Donchian Channel is highlighted in Green color Donchian Channel: Default 20 period is used for the Donchian channel. However, the color highlight as per 200 HMA position. Also, the middle basis color changes to Green and Red based on candle close of above or below. Additionally, 5 period Donchian basis is used as tight stop loss. This can be used wisely or optionally based on trade decisions Disclaimer: //Idea of publishing this script is to identify the strength of the instrument using multiple confirmation. //Using this indicator, changing inputs, and trading decisions are up to the users/traders. //Courtesy: Thanks to Richard Donchian and Alan Hull as this indicator/script inspired by Donchian Channels and Hull Moving Average
Indicatore Pine Script™
di pckalai
4
VPCI MA cross [LM]Hello guys, I would like to introduce you a script that combines two indicators: VPCI( volume price confirmation indicator) and donchian MAs VPCI: Fundamentally, the VPCI reveals the proportional imbalances between price trends and volume-adjusted price trends. An uptrend with increasing volume is a market characterized by greed supported by the fuel needed to grow. An uptrend without volume is complacent and reveals greed deprived of the fuel needed to sustain itself. Investors without the influx of other investors ( volume ) will eventually lose interest and the uptrend should eventually breakdown. A falling price trend reveals a market driven by fear. A falling price trend without volume reveals apathy, fear without increasing energy. Unlike greed, fear is self-sustaining, and may endure for long time periods without increasing fuel or energy. Adding energy to fear can be likened to adding fuel to a fire and is generally bearish until the VPCI reverses. In such cases, weak-minded investor's, overcome by fear, are becoming irrationally fearful until the selling climax reaches a state of maximum homogeneity. At this point, ownership held by weak investor’s has been purged, producing a type of heat death capitulation. These occurrences may be visualized by the VPCI falling below the lower standard deviation of a Bollinger Band of the VPCI, and then rising above the lower band, and forming a 'V' bottom. I have used MA's on top of VPCI and looking for crosses. Percatage that is shown in label is calculation of difference between previous cross and current close price. So you know if you would be flipping what % you would gain or loose, all is rounded with precission of two DONCHIAN I took donchain calculation from ichimoku to calculate conversion line and base line(both are giving me information about whether it's trending or not and distance from the mean) There are various sections in setting: VPCI - setting of MA lengths(for smaller timeframes I recommend using bigger MA length) DONCHAIN - setting length for conversion and base line Any suggestions are welcome
Indicatore Pine Script™
di lmatl
3
Double Donchian, Double Keltner, no-overlayThis is rather an educational script on how you can put multiple channels on the chart in a relatively non-confusing manner. Because it can be done doesn't mean you should do it (especially as a beginner). However, you might want to use maybe two. Normally, TradingView would put them all over each other causing chart to lose readability. By a few clever conditions, higher timeframe KC does draw on the chart only if it is outside lower timeframe KC. Lower timeframe Donchian is 99,5% outside both Keltner Channels, and it will not show if it overlaps at any point. Higher TF Donchian ale two lines but no background. Keltner channel 1 uses original settings Keltner channel 2 uses TradingView default settings Donchian 1 uses TradingView default Donchian 2 uses 60 periods used by Turtles if I remember it correct Have a great trade!
Indicatore Pine Script™
di OrcChieftain
1
Different Donchian PeriodsHi! This is a very simple script that I couldn't find on TradingView yet. Look at this indicator how you want (band, cloud, ma's) and create your own settings, I did not test it. Normally, Donchian average calculates the average(middle) of the highest point of a given period and the lowest point of that same period. Here I use two separate periods, one for highest, a different one for lowest. That's it :) Let me know if it's useful to you, I appreciate your comments.
Indicatore Pine Script™
di EvoCrypto
GM All-purposeThis script plots multiple EMA's also it shows you when a particular EMA crosses up or below another EMA. You can customize the EMA's based on your setups or preferences. This script basically will help you easily identify when a particular EMA has crossed over or crossed under another EMA at one glance. Particularly useful when there is a lot of entanglement of the EMA's There is also dual Bollinger Bands & Donchian Channels that are available to check the volatility of that particular scrip, which will help you stay in the trade or exit based on your criteria.
Indicatore Pine Script™
di farokh_dubash