Donchian Channel - Extended, multi-timeframe version - MetaTrader 5 Script - MT4/MT5 Resources
The "regular" version with detailed instructions is posted here: Donchian Passage - Expanded . This version is adding multi-timeframe attributes to the indicator
Can be used as before. In addition to all standard multi-timeframes available in Metatrader 5, multi-timeframes have 3 additional "timeframes":
Remember that the indicator is searching for timeframes regardless of whether they are displayed on the period bars or not. So it can "select" time ranges that don't show up as buttons on the period bar
Attachment download
📎 donchian_channel_1slirmtfc.mq5 (20.09 KB)
Source: MQL5 #24445
Donchian Channel - Extended, multi-timeframe version - MetaTrader 5 script usage and filtering recommendations
Donchian Channel - Extended, multi-timeframe version - 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 only on titles or short-term profit descriptions.
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