Donchian_Fibo_Clouds - MetaTrader 5 Script - MT4/MT5 Resources
Guilherme Santos and Luis Guilherme Damiani
This Donchian_Fibonacci indicator is implemented in the form of a cloud.
The indicator was originally written in MQL5 and first published in the code base on May 22, 2015.
Figure 1. Donchian_Fibo_Cloud indicator
Attachment download
📎 donchian_fibo_clouds.mq5 (9.95 KB)
Source: MQL5 #13088
Donchian_Fibo_Clouds - MetaTrader 5 script usage and screening suggestions
Donchian_Fibo_Clouds - MetaTrader 5 script is a resource related to Forex indicators. 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 on titles or short-term profit descriptions.
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