Tang Qian Channel - MetaTrader 5 Script - MQL5 #1870 - MT4/MT5 Resources
Real author:
Richard Dawood Donchian
Donchian Channel is a volatility indicator based on calculations of the current price range and the recent high and low prices.
The code is similar to the Donchian channel , but the midline is not drawn.
Donchian Channel Indicator
Attachment download
📎 donchian_channel.mq5 (8.84 KB)
Source: MQL5 #1870
Donchian Channel - MetaTrader 5 Script - MQL5 #1870 Usage and Filtering Advice
Tang Qian Channel - MetaTrader 5 Script - MQL5 #1870 is a resource related to trading scripts. 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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