Multi dimensional Donchian channels indicator | Forex Factory

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Multi dimensional Donchian channels indicator

  • #1
  • First Post: Apr 25, 2013 2:21am Apr 25, 2013 2:21am
Does anyone know anything about indicator attached. It is Multi diemnsional Donchian chanel. I first read about it in forum bellow:

http://www.forexfactory.com/showthre...98#post5167198
Attached Image (click to enlarge)
Click to Enlarge Name: Multi-Dimensional DC.png Size: 54 KB
  • #2
  • Apr 25, 2013 9:43am Apr 25, 2013 9:43am
Quoting ataata
Does anyone know anything about indicator attached. It is Multi diemnsional Donchian chanel. I first read about it in forum bellow: http://www.forexfactory.com/showthre...98#post5167198 {image}
Yes, what do you want to know?
  • #3
  • Edited 1:04pm Apr 25, 2013 12:30pm | Edited 1:04pm
Could you pls tell me where could i get it?

Thx in advance!

Ataata

P.S. I see you are full of suprises...
  • #4
  • Apr 25, 2013 1:48pm Apr 25, 2013 1:48pm
If you compare it with the other picture in that post, you'll find out how it works, it's pretty easy to code
Even if you fall on your face, you're still moving forward.
  • #5
  • Apr 25, 2013 2:05pm Apr 25, 2013 2:05pm
Quoting Ralome
If you compare it with the other picture in that post, you'll find out how it works, it's pretty easy to code
I see how it works, but my knowledge of coding is unfortunately zero, nada...
  • #6
  • Jun 6, 2016 1:02pm Jun 6, 2016 1:02pm
Quoting Ralome
If you compare it with the other picture in that post, you'll find out how it works, it's pretty easy to code
Thus, may I ask if you'd code it for us. Sorry for asking but I'm really a very bad programmer ...
  • #7
  • Jun 15, 2016 7:13am Jun 15, 2016 7:13am
You don't really need this indicator.
One can either use the Donchian Channel itself, or for visual purposes you can superimpose a Zigzag with the same length parameter as the Donchian, for example if you use a Donchian Channel of 20, you can add the Zigzag with the parameters (20,x,y). (Donchian is just a representation of a history of a Zigzag.)
Of course, one can also see the same information from the naked chart just by comparing the past significant (where significance is given by the aforementioned parameter) swings.

k
  • #8
  • Jun 15, 2016 1:21pm Jun 15, 2016 1:21pm
@kprsa: That solution with zigzag is quite cool. However, I managed to build this indicator myself (but its not just one indicator but three). While reading the similarity thread I think I've discovered another method to use those multi-Donchian Channels ... stochastic derived from it may work better than just the usual MT4 stochastic ...
  • #9
  • Jun 15, 2016 1:34pm Jun 15, 2016 1:34pm
Quoting AntiCre
@kprsa: That solution with zigzag is quite cool. However, I managed to build this indicator myself (but its not just one indicator but three). While reading the similarity thread I think I've discovered another method to use those multi-Donchian Channels ... stochastic derived from it may work better than just the usual MT4 stochastic ...
Note that the Stochastic oscillator gives you essentially the same information, it is just that it is usually set for close prices, not high/low. For example, this is what happens when you add the Stochastic with period 20 to my example above...
k

Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 348 KB
  • #10
  • May 11, 2017 1:14pm May 11, 2017 1:14pm
Since I had some time to code, here the indicator is attached.
k

Attached File(s)
File Type: mq4 DonchianMultiD.mq4   3 KB | 1,586 downloads
  • #11
  • Nov 6, 2018 5:29pm Nov 6, 2018 5:29pm
Quoting kprsa
Since I had some time to code, here the indicator is attached. k {file}
Great code, thanks a lot kprsa
One question: Is there a Donchian Channel on Separate Window (not on chart window) ?
If we try to code it our self (i can code a little, but just like a beginner coder ...), any clue where to begin ?
Thanks in advance
  • #12
  • Nov 7, 2018 5:21am Nov 7, 2018 5:21am
Quoting newhope
{quote} Great code, thanks a lot kprsa One question: Is there a Donchian Channel on Separate Window (not on chart window) ? If we try to code it our self (i can code a little, but just like a beginner coder ...), any clue where to begin ? Thanks in advance
Hi newhope,
See here (Quick and dirty edit from work, haven't tested it at all though, if you don't complain I will assume it works. ):

Attached File(s)
File Type: mq4 DonchianMultiD_sepw.mq4   3 KB | 1,335 downloads
  • #13
  • Nov 7, 2018 10:19pm Nov 7, 2018 10:19pm
Quoting kprsa
{quote} Hi newhope, See here (Quick and dirty edit from work, haven't tested it at all though, if you don't complain I will assume it works. ): {file}
Wow ... it works great !!
Thank you very much, K
  • #14
  • Last Post: Nov 8, 2018 8:26am Nov 8, 2018 8:26am
Quoting kprsa
Since I had some time to code, here the indicator is attached. k {file}
Thank you.
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