DonchianChannelsCloud - MetaTrader 5 Script - MT4/MT5 Resources
Donchian channel, with the background filling the channel.
Figure 1. Tang Qian channel cloud
Attachment download
📎 donchianchannelscloud.mq5 (12.93 KB)
Source: MQL5 #15479
DonchianChannelsCloud - MetaTrader 5 script usage and filtering suggestions
DonchianChannelsCloud - MetaTrader 5 scripts are trading script related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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