Donchian Channel TestingConditions:
1. Centre line above close long entry, exit centre line below close.
2. Centre line below close short entry, exit centre line below close.
3. But For now I coded like Long Exit becomes entry for Short and vice versa
Have to further Update
Canali Donchian (DC)
Higher Highs / Lower Lows - m,H,D,W,M w/ Alerts by ZekisA simple but very useful indicator that plots higher highs and lowers lows and that can be reset each hour, day, week or month, so it can plot new HH and new LL only in that range.
It can be used as it it, combined with other indicators or for TA (it's an entire story about highs and lows, google and youtube are your friends).
Alerts for HH/LL and for the first in the series plotted with Long and Short labels.
Use with caution!
Enjoy!
@Zekis
Motion To Attraction ChannelsIntroduction
Channels are used a lot on technical-analysis, however most of the them rely on adding/subtracting a volatility indicator to a central tendency indicator, sometimes the central tendency indicator can even be replaced by pure price. A great channel who does not rely on this kind of architecture is the Donchian channels or the quartiles bands. Here i propose a channel similar to the one made by Richard Donchian with some additional abilities.
The Channels
In my indicator, Motion To Attraction mean that the movement of an object a attract an object b , but we can resume this approach by saying that the longer a trend period is, the smaller the distance between each channels, for example if the price create a new highest then the lowest will move toward this new highest, each time coming closer. The philosophy behind this is that the longer a trend is the more probable it is that she will end.
The code reflect it this way :
here the parameter controlling the channel A (upper)
c = change(b) ? nz(c ) + alpha : change(a) ? 0 : nz(c )
this is traduced by : if channel b move then the parameter c become greater, if channel a move then reset the parameter , the parameter d do the same.
c is used to move the channel A, when c < 1 A is closer to the highest, when c = 1 A is in a central tendency point, when c > 1 A is closer to the lowest.
Slaving the Movement
It is possible to have a better control over the channels, this is done by making c and d always equal or lower than 1. Of course it could be another max value selected by the user.
In order to do that add c1 and d1 as parameter with c1 = c > 1 ? 1 : c , same with d1 but replace c by d.
Its safer to do this but i prefer how the channels act the other way, i will consider implementing this option in the future.
Conclusion
This channel indicator does not rely on past data thanks to recursion. The alpha variable at the start can also be adaptive, this let you make the channels adaptive even if such idea can add non desired results. Low length values can create effects where the lower channel can be greater than the higher one, this can be fixed directly in the code or using the method highlighted in the Slaving the Movement part.
TAD System - F1 TURTLETAD System
A revolution system designed to make trading easy for beginners and non-experienced traders to know when to BUY or when to SELL.
The TAD System was founded by Mr Fred Tam, the principal lecturer of technical analysis in F1 Academy. TAD stands for Turtle, Atom & Duck.
The TAD System is basically a combination of several indicators which are included into the TAD System to make trading as simple as possible.
How simple is the system?
With the three BUY arrows aligned accordingly with the Turtle, Atom and Duck, this triggers an affirmative BUY signal and vice versa.
The F1 TURTLE indicator came from the popular and famous Turtle Trading strategy by Richard Donchian.
The TURTLE indicator is to be used alongside with the ATOM & DUCK indicators.
As with all 3 indicators used alongside, it become the TAD Trading System.
For F1 ATOM indicator:
For F1 DUCK indicator:
TSI-DonchianHere it a TSI with MTF function , together with Donchian high and low channel
the best entry and exit are shown in arrow
Donchian ATR ChannelThis uses a Donchian center line and adds an ATR multiple to generate a channel.
TAD System TURTLE - NKThe TURTLE indicator came from the popular and famous Turtle Trading by Richard Donchian.
However the TURTLE indicator is to be used alongside with the ATOM & DUCK indicators.
As with all 3 indicators used alongside will become the TAD Trading System.
As it is straight forward, a BUY or SELL signal is determined when all 3 arrows of the indicators are aligned together.
Gann Square Of 9 LevelsThis script uses the last hlc3 value of 1H, 4H, D and/or W and rotates it 360º up/down with four increments of 90º to find out potential support and resistance areas. Can be used as a dynamic support & resistance tool or just to gauge how overbought/oversold the market is. Special thanks to @Nv56 for his assistance in writing this script.
EASY SYSTEMSo how to use this very easy system
we have two system the first is based on ATR resistance and support and the other based on % channel based on donchian channel
The black line is the price line
The red lines are % line of the donchian channel (here it set to 2 and 3 % (you can set it any number you want ) this lines are the low end
Theblue d lines are % line of the donchian channel (here it set to 2 and 3 % (you can set it any number you want ),this lines are upper end
you look at the resistance and the support of the ATR and on the % channel
lets say you decide to go long -best if it in lower end of your % channel you can either set alert if price crossup the lower % line that you set
and you can make take profit if it reach the target level by % of the line of your choice
oposite you do in shorting
using the build in alert in TV you can make your trade more easy setting the target in more logical way
TJ-BandsDo you want to know
This indicator is a modified form of Bollinger Bands.
It works in a similar way like BB does. If you take a look at the "line" chart, you will clearly see, that a close outside these bands is very unlikely and works very well as a rejection line for the chart.
Since, the chart is likely to get rejected at the bands those have been indicated red at the top and green at the bottom.
The use is very simple, add it to your chart and there is nothing more to modify or change.
Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins.
Cheers, TJ
PIVOT DONThis indicator is great to detect resistance and support
The H and L are based on new high and low formed by Donchian cahnnel , the lines of support and resistance are based on pivot system
by the TF you can control the time length of the donchian channel
no alert to this system
Don ratioUsing the ratio of donchian channel from early script we can calculate factor Z which is the estimate of the high ratio and the low ratio
crossing it with +100 and -100 we can produce the signals with addition on non repaint donchian ratio channel
inside the script one can take profit for both long and short , buy again and sell again with stop loss if needed
by the same logic we can calculate factor to z to any channel we want once we create the correct ratio to it
Donochian CCISo this indicator have the following:
1. MTF CCI
2. donochian channel MTF both non repaint mode
buliish and bearish zone determine by ratio of the the donochian cahnnel
enter or exit can be either the bullish or bearish change of color or by cross over or under of the CCI
or combination of both
The high max and low max of the donochian channel show in hilated bar
Donochian zonesThis indicator give the ratio between the high and low of donochian channel and if we take ratio and add it to each other then we can calculate if it + meaning bullish trend or negative meaning bearish trend
using non repainting MTF we can see the zone of the channel at different time set
we can use this indicator to filter bad signal or make it stand alone
here example of amazon stock with 360 min mtf over one hour graph
here facebook 240min over 15 min graph
Trend Follower With Help of Donchian Channels - TFWHDCThis is a simple Day Trade indicator, but can be used for swing and long term trades.
It is based on Donchian Channels to detect trend and point out resistance or support breakouts using arrows.
The bars ared colored when a breakout occurs. When a resistance breakout occurs the current and the next bars are colored green (default) and when a support breakout occurs the current and the next bars are colored red (default). This way this indicator can show if its an uptrend or a downtrend.
I hope this indicator will be useful for many traders!
Thank you!
SuperRadu Trade Assistant v0.2The script uses higher and lower swings to generate the resistance(red) and support (green) also the orange color represents the crossunder midline.
It will generate a new sell or buy entry suggestion when the price reject the resistance or the support and the median line it will confirm the trend direction between low high swings in this way you are able to make a better decisions and to place stop or take profits on a real targets.
stochastic RSI channel (lirshah) this indicator plots stochastic RSI inside donchian channel.
0% stochastic rsi is coinciding with lower band while 100% stochastic rsi is matched on upper band
River StyxRiver Styx - Modified Donchian Channel with separate adjustments for upper and lower levels, with offset
Blue line = the highest price of the last 14 periods (resistance).
Red line = the lowest price of the last 14 periods (support).
Gray line = middle line between blue and red line.
Green line = exponential moving average of 2 periods of closing price.
Enhanced Donchian Channel OverlayThis is my first public release of an indicator, free for all to use. There will be a multitude of indicators significantly more complex in the future, still under testing. It's simple purpose is to track highest high in red and lowest low in lime over a specified period of 5 preceding bars by default. The upper and lower banding have independent adjustable period settings. The banding line widths are also adjustable. A smoothable mean line is displayed in olive color and may be disabled by altering the line width to zero. I also included a yellow close line capability disabled by default by it's line width. I presume most people use candles but an occasional few may wish to see a close line plot too. Please provide any feedback/requests as you wish.
makemoneyThis system design for you in order to make you money :) I hope...
1. the donochian channel is based on color of high and low price (easy to see where the bars exist)
2. resitance and support are drawn by bolinger system (black and red dots)
3. buy and sell are based on volume model (B and S ) with alerts
4. when PSAR and the buy or sell are in agrreement this are called strong buy or sell points shown in green and red trinangle
5. you can use stop loss or take profit based on system in volume model
using the system very easy and I hope you make noney on it either shorting or longing
I normaly use 1 hour and 30 min charts . you can try another time frames if it work to you
the code is open so you can modify , chane or do what ever you want with it
RSC TrendTrading Indicator 1.0RSC TrendTrading Indicator 1.0
This is a combined indicator for those who are familiar with the Short-Term Trading Strategies Class offered at Ready Set Crypto .
This indicator combines 4 indicators as one indicator (assuming you are looking the daily chart):
A Donchian Channel of 20 days (default) or more, used of buy signals
A Donchian Channel of 10 days (default) or more, used of sell signals
A 50 day Simple Moving Average
A 200 day Simple Moving Average
Please like 👍🏻, Share 📣 and Comment 💬 if you like this indicator.
Soon, I will be releasing a strategy based on this to allow backtesting this strategy. It is going to be a very powerful tool. So follow me and message me if you are interested.
This indicator is based on Doc Severson's Trend Trading class at readysetcrypto.com and is published with permission.
I highly recommend that you attend the class to understand how this indicator can be used to your advantage. There is way more than just to the indicators to utilise this trading strategy successfully.
Warning
The Buy and Sell calls are meaningless and must not be auctioned without a thorough understanding of the trading strategy and the full consideration of the entry and exit conditions.
Please use this indicator at your own risk. The publisher does not accept any responsibility for its performance or any implications.
