AW Donchian Trend indicator

Helpful hyperlinks:

Russian model of this instruction – Right here

AW_Donchian_Trend_MT4Free Demo – Right here

AW_Donchian_Trend_MT5Free Demo – Right here

AW_Donchian_Trend is a complicated pattern indicator primarily based on the well-known Donchian Channel indicator.

The basic Donchian channel is a building primarily based on worth extremes for N candles. Donchian himself advisable utilizing a price of 24 for the interval of his indicator.

AW_Donchian_Trend – can also be constructed on the premise of worth extremes for the final n costs, however along with the channel base, it makes use of the channel as dynamic help and resistance ranges, primarily based on the breakout of which it determines the path of the present pattern. Along with the precise pattern path, highlighted in colour and arrows,AW_Donchian_Trend additionally determines the dynamic StopLoss and TakeProfit ranges primarily based on the present volatility of the instrument, and in addition maintains deep statistics on the success of its buying and selling indicators.

The indicator doesn’t recalculate or redraw its indicators, has three forms of notifications, resembling Alert, sending electronic mail, sending notification to the cell model of the buying and selling terminal.

Description of the indicator technique:

The way to purchase

Step 1– A purchase sign is acquired with a sign success score better than or equal to 70%

Step 2– Choose SL mode: by reverse sign, or dynamic StopLoss

Step 3– Select your Take Revenue Technique

Technique 1:

Shut your complete place when TP1 is reached

Technique 2:

Shut 50% of the place when TP1 is reached and the remaining 50% when TP2 is reached:

Technique 3:

Shut your complete place when the pattern reverses:

The way to promote

Step 2– Choose SL mode: by reverse sign, or dynamic StopLoss

Technique 1:

Shut your complete place when TP1 is reached

Technique 2:

Shut 50% of the place when TP1 is reached and the remaining 50% when TP2 is reached:

Technique 3:

Shut your complete place when the pattern reverses:

Multi-timeframe utilization

Step 1– On the H1 timeframe there’s a downward pattern, which means we are going to solely promote on this pattern. Within the case of an upward pattern we use solely purchases.

Step 2– On a decrease time-frame, the sign success charge is bigger than or equal to 70%

Step 3– On a decrease time-frame, a promote sign

Step 4– We outline StopLoss

This indicator lets you select a cease loss technique

Technique 1: StopLoss on reverse sign

Technique 2: Dynamic StopLoss

When selecting a dynamic cease loss, it’s essential set a goal for the cease loss.

The decrease the worth within the variable “StopLoss_target”, the nearer the StopLoss is to the place opening worth; the upper the worth on this variable, the additional the StopLoss is from the opening worth.

Step 5– Select a TakeProfit technique

Purchase the indicator now:

MT4 model👉https://www.mql5.com/en/market/product/121704

MT5 model👉https://www.mql5.com/en/market/product/121573

The way to get AW_Donchian_Trend_Scanner at no cost costing 245?

AW_Donchian_Trend_Scanner is a superb addition to the indicator AW_Donchian_Trend, which can increase the probabilities of buying and selling on the pattern.

After buy AW_Donchian_Trend, write to me on this web page -https://www.mql5.com/ru/customers/nechaevrealle/information to get your AW_Donchian_Trend_Scanner at no cost.

Multicurrency_and_Multitimeframe_AW_Donchain_Trend_Scanner

AW_Donchian_Trend_Scanner is designed to observe your complete market in a single window. It lets you see the pattern, indicators, and success score on all devices and timeframes on the identical time.

AW_Donchian_Trend_Scanner might be minimized, dragged across the window to any handy place. With the assistance of straightforward settings, you’ll be able to join any order of any timeframes, in addition to choose any symbols. That’s, your AW_Donchian_Trend_Scanner can show the pattern concurrently on 135 completely different charts. AW_Donchian_Trend_Scanner is appropriate for every type of devices.

The way to commerce withAW_Donchian_Trend_Scanner

Step 1– On the H4 timeframe there may be an upward pattern, which means we are going to solely purchase on this pattern. Within the case of a downward pattern, we are going to use solely gross sales. For entry into positions, we are going to use a decrease timeframe, for instance M15.

Step 2– Sign success charge over 70%. New sign within the path of the upper interval pattern.(Alerts in opposition to we ignore the principle pattern)

Step 3– Choose SL by reverse sign or by help and resistance ranges

Step 4– Select a TakeProfit technique

Technique 1:Shut your complete place when TP1 is reached Technique 2:Shut 50% of the place when TP1 is reached and the remaining 50% when TP2 is reached Technique 3:Shut your complete place when the pattern reverses

Enter settings of the indicator

MAIN_SIGNAL_SETTINGS – Part of the principle settings of the indicator

Period_Donchian – Indicator interval, the longer it’s, the much less delicate the indicator indicators are. Units the variety of candles, primarily based on the extremes of which the channel will probably be constructed. The bigger, the much less delicate the indicator indicators are The smaller, the extra delicate the indicator indicators are Values20 – 40- Sign for entry Meanings40 – 60Trend filtering TakeProfit_target – Multiplier for TP1 and TP2. The upper the multiplier, the extra revenue from one transaction, however the decrease the share of profitable indicators The upper the worth, the better the revenue from the transaction, however the decrease the share of profitable indicators The decrease the worth, the decrease the revenue from the transaction, however the increased the share of profitable indicators StopLoss_mode -Variable that determines the StopLoss technique. D Dynamic_StopLoss-The smaller the worth within the variable,the nearer the StopLoss is to the opening worth of the place, the bigger the worth on this variable, the additional the StopLoss is from the opening worth.Itis critical to set the worth within the variable “StopLoss_target” SL at reverse sign – StopLosswhen the pattern reverses or when there may be an reverse sign. StopLoss_target- Multiplier for StopLoss. The upper the worth of the variable, the farther from the opening worth the StopLoss will probably be positioned. Maximum_bars_for_calculation- Variety of bars for calculating statistics

MISC SETTINGS– Settings part for integrating the indicator into different algorithms. For builders solely.

Disable graphics buffers – Disable all indicator graphical buffers that aren’t concerned in the principle calculations of indicators and traits. Disable objects – Disable creation and updating of indicator graphic objects Disable notifications – Disable all indicator notifications

NOTIFICATIONS SETTINGS – Notification settings part

Ship Pop-Up Alerts – Ship alerts about new indicators Play sound alerts – Use sound notification for alerts Sound identify – Title of the sound used throughout alert Ship mails – Use sending letters in regards to the look of indicators to the dealer’s electronic mail Ship push notifications – Use notifications about new indicators on the cell model of the dealer’s terminal

GRAPHICS SETTINGS – Part of graphic settings of the indicator

Indicator on the foreground – Deciding on the situation of the indicator strains relative to the candles (in entrance of them or within the background) Fats downtrend colour – Shade of the large downtrend line Medium downtrend color- Shade of the typical downtrend line Skinny downtrend color- Shade of the skinny downtrend line Fats uptrend colour – Shade of the large uptrend line Medium uptrend colour – Shade of the center line of the uptrend Skinny uptrend colour – Shade of the skinny uptrend line Up arrow colour – Up arrow colour Down arrow color- Down arrow colour Arrow measurement – Dimension of indicator arrows Shade TP – Shade of TP labels Font measurement TP – Dimension of TP marks Shade TP line – Shade of the TP line Shade TP trendline – Shade of the TP pattern line Shade SL- Stoploss textual content colour Shade SL trendline- Shade of the cease loss line Font measurement in panel – Textual content measurement within the panel Primary colour Panel- Primary fill colour Textual content colour in panel- Textual content colour in panel Emblem colour in panel- Emblem colour in panel Second textual content colour in panel- Second textual content colour in panel Downtrend colour in panel- Downtrend colour in panel Uptrend colour in panel – Shade of the uptrend within the panel StopLossHit colour in panel- Stoploss colour in panel Present panel – Allow panel show

Organising a multi-currency panel

AW Donchian Development Scanner Enter Settings

AW_DONCHIAN_TREND_SETTINGS – Settings ofAW_Donchian_Trend, whose indicators will probably be displayed in the AW_Donchian_Trend_Scanner

Period_Donchian- The indicator interval, the bigger it’s, the much less delicate the indicator indicators are. Units the variety of candles, primarily based on the extremes of which the channel will probably be constructed. The bigger, the much less delicate the indicator indicators are The smaller, the extra delicate the indicator indicators are Values20 – 40- Entry sign Values40 – 60- Development filtering Multiplier_of_target- Multiplier for TP1 and TP2. The upper the multiplier, the extra revenue from one transaction, however the decrease the share of profitable indicators The upper the worth, the better the revenue from the transaction, however the decrease the share of profitable indicators The decrease the worth, the decrease the revenue from the transaction, however the increased the share of profitable indicators Maximum_bars- Variety of bars to calculate statistics

MULTICURRENCY_PANEL_SETTINGS – Settings for choosing devices and timeframes

Number_of_used_Timeframes(1-9) – The variety of timeframes to be displayed within the panel have to be from 1 to 9 Timeframes_For_Analysis – Listing of timeframes to be displayed. Entered as textual content separated by “,” with out areas Number_of_used_Symbols(1-15) – The variety of characters to be displayed within the panel have to be between 1 and 15 Symbols_For_Analysis- Listing of symbols to be displayed. Entered as textual content separated by “,” with out areas

NOTIFICATIONS SETTINGS – Notification settings part

Ship PopUp Alerts- Ship alerts about new indicators Play sound alerts- Use sound notification for alerts Sound name- The identify of the sound used for alerts Ship mails- Use sending letters in regards to the look of indicators to the dealer’s e-mail Ship push notifications- Use notifications about new indicators on the cell model of the dealer’s terminal

GRAPHICS SETTINGS – Graphic settings part

FontSize_Panel – Textual content measurement Shade of textual content in panel – Textual content colour Shade of downtrend – Shade of the downtrend Shade of uptrend – Shade of the uptrend

For builders:

For the reason that indicator works on the shut of the candle, to name the iCustom operate it is best to use the values of the penultimate candle with index 1.

Information Buffer Quantity Values Uptrend 0 >0 – upward pattern Downtrend 1 >0 – downward pattern Purchase Sign 9 >0 – Purchase sign Promote Sign 10 >0 – Promote sign Take Revenue 1 Factors 18 Integer worth Take Revenue 1 Value 37 Value Take Revenue 1 Hit Quantity 41 Integer worth Take Revenue 1 Hit % 24 Worth from 0.00 to 100.00 Take Revenue 2 Factors 19 Integer worth Take Revenue 2 Value 38 Value Take Revenue 2 Hit Quantity 42 Integer worth Take Revenue 2 Hit % 25 Worth from 0.00 to 100.00 StopLoss Factors 33 Integer worth StopLoss Value 39 Value(For Dynamic SL mode solely)  Alerts 34 Integer worth, variety of indicators. Exit Loss Quantity 44 Integer worth Exit Loss % 28 Worth from 0.00 to 100.00 Exit Win Quantity 43 Integer worth Exit Win % 29 Worth from 0.00 to 100.00 Success Price(%) 35 Worth from 0.00 to 100.00

Purchase the indicator now:

MT4 model👉https://www.mql5.com/en/market/product/121704

MT5 model👉https://www.mql5.com/en/market/product/121573

AW Buying and selling Software program

Assist:https://www.mql5.com/ru/customers/nechaevrealle