OPEN-SOURCE SCRIPT

Donchian Channel - trend filter

Telah dikemas kini
Trend filter created based on donchian channel. I am using my custom donchian channel as base for this indicator:
Donchian Channel - Custom


Concept is simple.

We count how many times price is hitting donchian channel top or bottom without hitting the other side and keep counter for both. Thus:

upCount is the number of times price hits donchian channel top without hitting bottom
downCount is the number of times price hits donchian channel bottom without hittin top

trendCountLimit is the minimum value of upCount or downCount to call it uptrend or downtrend.
Nota Keluaran
Small change in coloring candles:

Candles are colored in green when uptrend starts by price hitting donchian channel top for trendCountLimit times. Similarly, candles are colored in red when price hits donchian channel bottom for trendCountLimit times. Trend colors are changed to lime/orange if price retraced back to mid of donchian channel. Bars will regain their strong trend color of green and red once they hit top/bottom again.
Nota Keluaran
Show Channel made optional to be able to hide it.
Nota Keluaran
Added options:

  • UseBinaryTrend : Trend is either green/lime or red/orange. Silver bars are colored with previous trend.
  • UseAdoptive: Option to use adoptive donchian as per script:
    Adaptive Donchian Channel
Donchian Channels (DC)Trend Analysistrendfilter

Skrip sumber terbuka

Dalam semangat sebenar TradingView, penulis telah menerbitkan kod Pine ini sebagai sumber terbuka supaya pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda boleh menggunakan perpustakaan ini secara percuma, tetapi penggunaan semula kod dalam penerbitan ini adalah dikawal oleh Peraturan dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.

Ingin menggunakan skrip ini pada carta?

Penafian