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Donchian Channel for EasyLanguage
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Created: by Big Mike Attachments:4

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Donchian Channel for EasyLanguage

  #11 (permalink)
Elite Member
Montreal
 
Futures Experience: Intermediate
Platform: MultiCharts
Broker/Data: IB Canada/IQFeed
Favorite Futures: TF, CL
 
Posts: 261 since Jul 2011
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canucck View Post
Hi,

Thanks for replying. Unfortunately, TS can't import that kind of file. I appreciate your posting though.

Try this. Create a new indicator in Tradestation and paste this:

 
Code
Inputs:
	Period(14);

vars:
	Channel(0), iUpper(0), iLower(0);

iUpper = Highest(High, Period);
iLower = Lowest(Low, Period);
Channel = (iUpper + iLower) / 2;

Plot1(Channel, "Mean");
Plot2(iUpper, "Upper");
Plot3(iLower, "Lower");

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The following 2 users say Thank You to olobay for this post:
 
  #12 (permalink)
Elite Member
los angeles, ca
 
Futures Experience: Beginner
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Posts: 8 since Aug 2011
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That works - thanks!

I see you are from Montreal - I used to work by the "Big O" at Christie Brown. Boy, I miss those smoked meat sandwiches from Schwartz's and the bagels from the Fauborg Marche!

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The following user says Thank You to canucck for this post:
 
  #13 (permalink)
Trading Apprentice
Toronto, Ontario
 
Futures Experience: Intermediate
Platform: multicharts
Favorite Futures: Stock
 
Posts: 4 since Jan 2015
Thanks: 0 given, 0 received

Tried to import this code into Multicharts


This is what I got when I tried to compile the code?


------ Build started: ------
Study: "Donchian Channel" (Indicator)
Please wait ....
------ Compiled with error(s): ------
Wrong expression
line 9, column 19


Help?

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  #14 (permalink)
Market Wizard
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
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Posts: 1,529 since Apr 2013
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Forum Reputation: Legendary

StevenD,

my guess is that you didn't import the file, but created a new indicator yourself. Importing the file will work fine and I'd suggest you do that. Otherwise post the full code that gives you trouble, as with only the error message it's hard to guess.

Regards,
ABCTG


StevenD View Post
This is what I got when I tried to compile the code?


------ Build started: ------
Study: "Donchian Channel" (Indicator)
Please wait ....
------ Compiled with error(s): ------
Wrong expression
line 9, column 19


Help?


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  #15 (permalink)
Trading Apprentice
Toronto, Ontario
 
Futures Experience: Intermediate
Platform: multicharts
Favorite Futures: Stock
 
Posts: 4 since Jan 2015
Thanks: 0 given, 0 received

Got it....Thanks!

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  #16 (permalink)
Trading Apprentice
New York + US
 
Futures Experience: Intermediate
Platform: MultiCharts
Favorite Futures: Indian Stocks
 
Posts: 17 since Aug 2015
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Donchian Strategies

Thanks Big Mike...

What could be the possible strategies when Lets say close > x_bars

if I trade with 1 contract then how should I code Buy Entry, StopLoss, Short Entry..

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  #17 (permalink)
Elite Member
Vancouver + Canada
 
Futures Experience: Intermediate
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Donchian Channel for Multicharts.NET

Multicharts.NET will not import a PLA file.
The Price Channel indicator in Multicharts.net does not have a mid line.
I adapted it to include the mid line.
(My first program in C#. Amazing what you can do with cut and paste and change variables)
____________________________

It appears we cannot upload a PLN file which is the format for the NET program

so here is the code;
open the Price Channel indicator in the editor and make the changes:

____________________________________

using System;
using System.Drawing;

namespace PowerLanguage.Indicator
{
[SameAsSymbol(true)]
public class Price_Channel_with_mid : IndicatorObject
{
private VariableSeries<Double> m_lowerband;

private VariableSeries<Double> m_upperband;

private VariableSeries<Double> m_midband;

private IPlotObject Plot1;

private IPlotObject Plot2;

private IPlotObject Plot3;

public Price_Channel_with_mid(object ctx) :
base(ctx){
length = 20;
}

[Input]
public int length { get; set; }

[Input]
public int displace { get; set; }

protected override void Create(){
m_lowerband = new VariableSeries<Double>(this);
m_upperband = new VariableSeries<Double>(this);
m_midband = new VariableSeries<Double>(this);
Plot1 =
AddPlot(new PlotAttributes("UpperBand", 0, Color.Yellow,
Color.Empty, 0, 0, true));
Plot2 =
AddPlot(new PlotAttributes("LowerBand", 0, Color.Yellow,
Color.Empty, 0, 0, true));
Plot3 =
AddPlot(new PlotAttributes("MidBand", 0, Color.Yellow,
Color.Empty, 0, 0, true));

}

protected override void CalcBar(){
m_lowerband.Value = Bars.Low.Lowest(length, 1);
m_upperband.Value = Bars.High.Highest(length, 1);
m_midband.Value = ((m_upperband.Value+m_lowerband.Value)/2);
if (((displace >= 0) || Bars.CurrentBar > Math.Abs(displace))){
Plot1.Set(displace, m_upperband.Value);
Plot2.Set(displace, m_lowerband.Value);
Plot3.Set(displace, m_midband.Value);
if ((displace <= 0)){
if (this.CrossesUnder(Bars.Low, m_lowerband)){
Alerts.Alert("Price making new low");
}
if (this.CrossesOver(Bars.High, m_upperband)){
Alerts.Alert("Price making new high");
}
}
}
}
}
}

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