Presenting a an indicator based around a Donchian Channel.
The panel has 7 rows where each cell can be either green (long), red (short) or gray (nothing).
Suggestion: Enter (on your own risk...) a trade when all columns have the same color; Exit when any, but the top, column switch color.
The Panel consists of the following, from top to bottom:
1. Price hits the edge of the DC-channel. 2. Price is on the right side of the DC-average line. 3. Price is on the right side of the Baseline 4. PVI is on the right side of the PVI-signal line. 5. Wave-A 6. Wave-B 7. Wave-C
Have you thought about using this on lower timeframes?
kruskakli
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@SavedByTheBellBrent, no, not really, but perhaps I should give it a try.
TraderSkyr
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this is a great indicator, nice job!
kruskakli
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@TraderSkyr, thanks! I have had a couple of successful trades with it lately.
rkrahul86
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not working in chart
kruskakli
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@rkrahul86, wow, I'm surprised to hear that. I mean it is a pretty simple script.
What time frame are you using and what commodity? Would be nice if I could recreate the problem.
UnknownUnicorn6219662
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@rkrahul86, try to change to other exchanges that show volume like fxcm or oanda