Doncian Fibonacci - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Richard Donchian, based on code by Luis Guilherme Damiani, published by Nikolai Kosichian . (All credits retained.)
This indicator is a modified version of the indicator Donchian Channel author: Luis Guilherme Damiani, inspired by the DonForex DonchianFibo MetaTrader 4 indicator.
I never found this indicator in Metatrader 5, so I made one for myself. Hope you like it.
Attachment download
📎 donchian_fibo.mq5 (14.59 KB)
Source: MQL5 #12974
Doncian Fibonacci - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Doncian Fibonacci - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator 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 on titles or short-term profit descriptions.
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