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Two Lines Donchian Channel

Double Line Donchian Channel MT5/Meta Trader 5 Indicator, this is customized Indicator to show only 2 Lines of Highest and Lowest PRICE line where you can add a MA (MOVING AVERAGE) for center line.

What is Donchian Channel?
Donchian Channels are three lines generated by moving average calculations that comprise an indicator formed by upper and lower bands around a midrange or median band. The upper band marks the highest price of a security over N periods while the lower band marks the lowest price of a security over N periods. The area between the upper and lower bands represents the Donchian Channel. Career futures trader Richard Donchian developed the indicator in the mid-20th century to help him identify trends. He would later be nicknamed “The Father of Trend Following.”


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This is an OLD indicator which was rather efficient to be paired with MA Cross, Bollinger Bands, Dochian Channel and many other strategies and this provides you with market change of BEAR and BULL trends. Since there isn't much listed in MT5 Market, I would like to share my very own indicator for your usage. Please feel free to comment or criticize for better and improvement of the indicator listed.
FREE
This is a a simple Entry Signal for those who needs the assistants in finding Quick Entry base on Math Calculation formula for that particular Time Frame. This Entry Alert comes with visual Arrow Indicator.  Arrows pointing Downwards from the top is Sell Entry while Arrows pointing Upwards from the Bottom is a Buy Entry visually on the chart. You can customized the color of the arrows and the size while the alert popup will be up on screen as well the moment the entry triggers.  I do suggest
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