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MetaTrader 4 Indicators
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Donchain Channel Indicator
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Age 3+
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level: intermediate
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English
Author's Instructions
The Donchian Channel indicator, part of the MetaTrader 4 indicator suite, effectively signals the start of trends during retracements and pullbacks. The channel is drawn based on the high and low prices over a defined period set within the indicator. A break above the upper band triggers a buy signal, while a break below the lower band triggers a sell signal. This indicator is particularly suitable for trending and volatile markets but may need to perform better in range-bound (sideways) markets.
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MetaTrader 4 Indicators
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Donchain Channel Indicator
-
Age 3+
-
level: intermediate
-
English
Author's Instructions
The Donchian Channel indicator, part of the MetaTrader 4 indicator suite, effectively signals the start of trends during retracements and pullbacks. The channel is drawn based on the high and low prices over a defined period set within the indicator. A break above the upper band triggers a buy signal, while a break below the lower band triggers a sell signal. This indicator is particularly suitable for trending and volatile markets but may need to perform better in range-bound (sideways) markets.