Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Trading using Donchian Channels 33 replies

Donchian/ Hi Low Channels with 50% retracement? 5 replies

Share your knowledge on Donchian Channels 6 replies

Do you trade Donchian Channels? 0 replies

Two Dimensional Array vs One Dimensional Array 13 replies

Attachments: Multi dimensional Donchian channels indicator
Exit Attachments

Multi dimensional Donchian channels indicator

  • Post #1
  • Quote
  • First Post: Apr 25, 2013 3:21am Apr 25, 2013 3:21am
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
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?
  • Post #3
  • Quote
  • Edited 2:04pm Apr 25, 2013 1:30pm | Edited 2:04pm
Could you pls tell me where could i get it?

Thx in advance!

Ataata

P.S. I see you are full of suprises...
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.
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...
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 ...
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
@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 ...
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
Since I had some time to code, here the indicator is attached.
k

Attached File(s)
File Type: mq4 DonchianMultiD.mq4   3 KB | 1,101 downloads
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
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 | 857 downloads
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
  • Post #14
  • Quote
  • Last Post: Nov 8, 2018 9:26am Nov 8, 2018 9:26am
Quoting kprsa
Since I had some time to code, here the indicator is attached. k {file}
Thank you.
0 traders viewing now