VR Donchian Lite MT5 - MetaTrader 5 Script - MetaTrader 5 Resources
VR Donchian Lite is the classic Donchian channel.
Its main advantage is that it is based on classic trend-defining rules.
Uptrend Rule - New local highs and lows exceed previous ones.
Downtrend Rule - New Local Highs and Lower Lows than before.
In all other cases, the motion is considered indeterminate or flat.
VR Tang Qian Lite is a Simple classic version of the VR Donchian indicator released on the MetaTrader 4 and MetaTrader 5 markets
MetaTrader 4 version
MetaTrader 5 version
Blog post (in Russian)
Blog post (spoken in English)
Attachment download
📎 vr_donchian_lite.mq5 (12.71 KB)
Source: MQL5 #22383
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