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Donchian Channel with Trendfilter
Exported using NT version 7.0.1000.27
This is a generalized version of the Donchian Channel with a few options added:
- The Donchian Channel lines can be calculated from High/Low, Close, Typical or Weighted price. With the default option High/Low they will be calculated from the highest high and lowest low over the lookback period. With the other options the highest and lowest of the selected input series are used, which produces narrow channels.
- The indicator has an option to display outer channels, inner channes or midband individually.
- The indicator comes with a fast and a slow trend filter. The fast trendfilter changes direction, when the midband breaches the prior low of the upper band (trend change up) or when it breaches the prior high of the lower band (trend change down, as shown in the chart attached). The slow trendfilter changes direction, when the lower band breaches the prior low of the upper band (trend change up) or when the upper brand breaches the prior high of the lower band (trend change down, as shown in the chart attached.
- The indicator allows to display the fast trend, the slow trend or a combination of fast and slow trend, when appropriate colors are selected. If you want to show the fast trend only, you need to use identical colors for fast/slow uptrend and fast/slow downtrend. If you want to show the slow trend only, you would need to use the same colors for slow uptrend/fast downtrend and fast uptrend/slow downtrend. Both trendseries are exposed as public BoolSeries and can be called in an automated strategy.
- The trend can be displayed via the channel and midband colors or via paint bars. The indicator also has an option to display the channels or the midband individually. If you just need the paint bars, you can disable all plots.
Update October 4, 2012: Channel and paintbar colors will now align, when indicator is displaced.
Update July 5, 2015: Second channel added to indicator.
Category
NinjaTrader 7 Indicators
Details:
Donchian Channel with Trendfilter
Category:
NinjaTrader 7 Indicators
July 6th, 2015
Size: 8.28 KB
Downloaded: 3012 times
Keywords:
donchian
paintbars
trendfilter
1271
Fat Tails
Comments/ratings
maumau
September 20th, 2012 02:33 PM
No Comment
registertrading
September 22nd, 2012 04:38 PM
No Comment
john2000
October 2nd, 2012 12:55 AM
THANK YOU!!!
rickr
October 4th, 2012 11:54 PM
No Comment
jwdixon
December 15th, 2012 01:00 PM
love the different options....Thanks for all your stuff
Bobi
April 14th, 2013 04:07 PM
Thank you.
GILAZ
May 4th, 2013 08:02 AM
just perfect
THANKS: Lalala:
cdk1212
August 10th, 2013 06:24 PM
JoyNinjaTrader
August 7th, 2014 02:24 AM
Thank you
Flyingk
December 10th, 2014 12:33 PM
No Comment
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