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Predicting Donchian Channel

The Predicting Donchian Channel indicator allows predicting the future changes in the levels of the Donchian channel based on the channel position of the price.

The standard ZigZag indicator starts drawing its ray in 99% of the time the opposite Donchian channel is touched.

The forecast of the channel boundary levels will help in finding the points, where the correction ends or the trend changes, an also to estimate how soon those events can occur.


Configurations

  1. Period - Donchian channel calculation period. Recommended values are from 12 to 240.
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Gap on chart
Aleksey Vyazmikin
The "Gap on chart" indicator displays the price gaps on the chart. The gap levels are extended in time until the price fills the price gap. Sensitivity of the indicator can customized to set the gap size in points to show and the history depth to analyze. For automatic trading, it uses the numbering or price gaps according to LIFO, i.e. the last formed gap is number 1. Parameters InpBars - the number of bars to look for a price gap in history InpMinGap - sensitivity to the price gaps in points
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