Donchian Fibo Channels

Euro Fx/U.S. DollarFXCM

Description

⋅ May 9, 2016 3:03 PM

1. Set PRZ level for watching
2. Set period as swing time X 2 (or more)
3. Wait rebound from PRZ or PRZ break (use next if break)

fobonacci Parallel Channel

Comments

PolarSolar

⋅ May 11, 2016 7:06 PM

new version published
ru.tradingview.com/script/qW5pLoxm-donchian-fibo-channels-v2/

UnknownUnicorn452225

⋅ May 9, 2016 11:12 PM

Great idea, waiting for final version)

PolarSolar

⋅ May 9, 2016 10:46 PM

Replace str 12
r382 = d>0?hi-(range*0.707):lo+(range*0.382)
to
r382 = d>0?hi-(range*0.382):lo+(range*0.382)

*incorrect level 0.707 instead 0.382

PolarSolar

⋅ May 9, 2016 3:45 PM

Replace code from str #8

range = abs(hi-lo)
dir = input(true, title="Uptrend?", type=bool)
prz = input(0.618, title="PRZ level",minval=0.236, maxval=0.886, step=0.001)
przd = dir?prz:1-prz
d = close[1]>hi-(range*przd)?1:-1

Because on downtrend channel reversal on incorrect value (prz-1) example: .382 instead .618.