AW Donchian Trend indicator

Helpful hyperlinks:

Russian model of this instruction – Right here

AW_Donchian_Trend_MT4Free Demo – Right here

AW_Donchian_Trend_MT5Free Demo – Right here

AW_Donchian_Trend is a sophisticated pattern indicator based mostly on the well-known Donchian Channel indicator.

The basic Donchian channel is a building based mostly on value extremes for N candles. Donchian himself really useful utilizing a price of 24 for the interval of his indicator.

AW_Donchian_Trend – can also be constructed on the idea of value extremes for the final n costs, however along with the channel base, it makes use of the channel as dynamic assist and resistance ranges, based mostly on the breakout of which it determines the course of the present pattern. Along with the precise pattern course, highlighted in shade and arrows,AW_Donchian_Trend additionally determines the dynamic StopLoss and TakeProfit ranges based mostly on the present volatility of the instrument, and in addition maintains deep statistics on the success of its buying and selling indicators.

The indicator doesn’t recalculate or redraw its indicators, has three sorts of notifications, reminiscent of Alert, sending electronic mail, sending notification to the cell model of the buying and selling terminal.

Description of the indicator technique:

How one can purchase

Step 1– A purchase sign is obtained with a sign success score better than or equal to 70%

Step 2– Choose SL mode: by reverse sign, or dynamic StopLoss

Step 3– Select your Take Revenue Technique

Technique 1:

Shut your entire place when TP1 is reached

Technique 2:

Shut 50% of the place when TP1 is reached and the remaining 50% when TP2 is reached:

Technique 3:

Shut your entire place when the pattern reverses:

How one can promote

Step 2– Choose SL mode: by reverse sign, or dynamic StopLoss

Technique 1:

Shut your entire place when TP1 is reached

Technique 2:

Shut 50% of the place when TP1 is reached and the remaining 50% when TP2 is reached:

Technique 3:

Shut your entire place when the pattern reverses:

Multi-timeframe utilization

Step 1– On the H1 timeframe there’s a downward pattern, which means that we’ll solely promote on this pattern. Within the case of an upward pattern we use solely purchases.

Step 2– On a decrease timeframe, the sign success price is larger than or equal to 70%

Step 3– On a decrease timeframe, a promote sign

Step 4– We outline StopLoss

This indicator permits you to select a cease loss technique

Technique 1: StopLoss on reverse sign

Technique 2: Dynamic StopLoss

When selecting a dynamic cease loss, it’s worthwhile to set a goal for the cease loss.

The decrease the worth within the variable “StopLoss_target”, the nearer the StopLoss is to the place opening value; the upper the worth on this variable, the additional the StopLoss is from the opening value.

Step 5– Select a TakeProfit technique

Purchase the indicator now:

MT4 model👉https://www.mql5.com/en/market/product/121704

MT5 model👉https://www.mql5.com/en/market/product/121573

How one can get AW_Donchian_Trend_Scanner totally free costing 245?

AW_Donchian_Trend_Scanner is a good addition to the indicator AW_Donchian_Trend, which is able to develop the chances of buying and selling on the pattern.

After buy AW_Donchian_Trend, write to me on this web page -https://www.mql5.com/ru/customers/nechaevrealle/information to get your AW_Donchian_Trend_Scanner totally free.

Multicurrency_and_Multitimeframe_AW_Donchain_Trend_Scanner

AW_Donchian_Trend_Scanner is designed to observe your entire market in a single window. It permits you to see the pattern, indicators, and success score on all devices and timeframes on the similar time.

AW_Donchian_Trend_Scanner may be minimized, dragged across the window to any handy place. With the assistance of straightforward settings, you may join any order of any timeframes, in addition to choose any symbols. That’s, your AW_Donchian_Trend_Scanner can show the pattern concurrently on 135 completely different charts. AW_Donchian_Trend_Scanner is appropriate for every type of devices.

How one can commerce withAW_Donchian_Trend_Scanner

Step 1– On the H4 timeframe there may be an upward pattern, which means that we’ll solely purchase on this pattern. Within the case of a downward pattern, we’ll use solely gross sales. For entry into positions, we’ll use a decrease timeframe, for instance M15.

Step 2– Sign success price over 70%. New sign within the course of the upper interval pattern.(Alerts in opposition to we ignore the primary pattern)

Step 3– Choose SL by reverse sign or by assist and resistance ranges

Step 4– Select a TakeProfit technique

Technique 1:Shut your entire place when TP1 is reached Technique 2:Shut 50% of the place when TP1 is reached and the remaining 50% when TP2 is reached Technique 3:Shut your entire place when the pattern reverses

Enter settings of the indicator

MAIN_SIGNAL_SETTINGS – Part of the primary settings of the indicator

Period_Donchian – Indicator interval, the longer it’s, the much less delicate the indicator indicators are. Units the variety of candles, based mostly on the extremes of which the channel might be constructed. The bigger, the much less delicate the indicator indicators are The smaller, the extra delicate the indicator indicators are Values20 – 40- Sign for entry Meanings40 – 60Trend filtering TakeProfit_target – Multiplier for TP1 and TP2. The upper the multiplier, the extra revenue from one transaction, however the decrease the proportion of profitable indicators The upper the worth, the better the revenue from the transaction, however the decrease the proportion of profitable indicators The decrease the worth, the decrease the revenue from the transaction, however the greater the proportion of profitable indicators StopLoss_mode -Variable that determines the StopLoss technique. D Dynamic_StopLoss-The smaller the worth within the variable,the nearer the StopLoss is to the opening value of the place, the bigger the worth on this variable, the additional the StopLoss is from the opening value.Itis critical to set the worth within the variable “StopLoss_target” SL at reverse sign – StopLosswhen the pattern reverses or when there may be an reverse sign. StopLoss_target- Multiplier for StopLoss. The upper the worth of the variable, the farther from the opening value the StopLoss might be positioned. Maximum_bars_for_calculation- Variety of bars for calculating statistics

MISC SETTINGS– Settings part for integrating the indicator into different algorithms. For builders solely.

Disable graphics buffers – Disable all indicator graphical buffers that aren’t concerned in the primary calculations of indicators and developments. Disable objects – Disable creation and updating of indicator graphic objects Disable notifications – Disable all indicator notifications

NOTIFICATIONS SETTINGS – Notification settings part

Ship Pop-Up Alerts – Ship alerts about new indicators Play sound alerts – Use sound notification for alerts Sound title – Identify of the sound used throughout alert Ship mails – Use sending letters concerning the look of indicators to the dealer’s electronic mail Ship push notifications – Use notifications about new indicators on the cell model of the dealer’s terminal

GRAPHICS SETTINGS – Part of graphic settings of the indicator

Indicator on the foreground – Choosing the situation of the indicator strains relative to the candles (in entrance of them or within the background) Fats downtrend shade – Colour of the vast downtrend line Medium downtrend color- Colour of the typical downtrend line Skinny downtrend color- Colour of the skinny downtrend line Fats uptrend shade – Colour of the vast uptrend line Medium uptrend shade – Colour of the center line of the uptrend Skinny uptrend shade – Colour of the skinny uptrend line Up arrow shade – Up arrow shade Down arrow color- Down arrow shade Arrow measurement – Dimension of indicator arrows Colour TP – Colour of TP labels Font measurement TP – Dimension of TP marks Colour TP line – Colour of the TP line Colour TP trendline – Colour of the TP pattern line Colour SL- Stoploss textual content shade Colour SL trendline- Colour of the cease loss line Font measurement in panel – Textual content measurement within the panel Important shade Panel- Important fill shade Textual content shade in panel- Textual content shade in panel Brand shade in panel- Brand shade in panel Second textual content shade in panel- Second textual content shade in panel Downtrend shade in panel- Downtrend shade in panel Uptrend shade in panel – Colour of the uptrend within the panel StopLossHit shade in panel- Stoploss shade in panel Present panel – Allow panel show

Organising a multi-currency panel

AW Donchian Pattern Scanner Enter Settings

AW_DONCHIAN_TREND_SETTINGS – Settings ofAW_Donchian_Trend, whose indicators might be displayed in the AW_Donchian_Trend_Scanner

Period_Donchian- The indicator interval, the bigger it’s, the much less delicate the indicator indicators are. Units the variety of candles, based mostly on the extremes of which the channel might be constructed. The bigger, the much less delicate the indicator indicators are The smaller, the extra delicate the indicator indicators are Values20 – 40- Entry sign Values40 – 60- Pattern filtering Multiplier_of_target- Multiplier for TP1 and TP2. The upper the multiplier, the extra revenue from one transaction, however the decrease the proportion of profitable indicators The upper the worth, the better the revenue from the transaction, however the decrease the proportion of profitable indicators The decrease the worth, the decrease the revenue from the transaction, however the greater the proportion of profitable indicators Maximum_bars- Variety of bars to calculate statistics

MULTICURRENCY_PANEL_SETTINGS – Settings for choosing devices and timeframes

Number_of_used_Timeframes(1-9) – The variety of timeframes to be displayed within the panel have to be from 1 to 9 Timeframes_For_Analysis – Checklist of timeframes to be displayed. Entered as textual content separated by “,” with out areas Number_of_used_Symbols(1-15) – The variety of characters to be displayed within the panel have to be between 1 and 15 Symbols_For_Analysis- Checklist of symbols to be displayed. Entered as textual content separated by “,” with out areas

NOTIFICATIONS SETTINGS – Notification settings part

Ship PopUp Alerts- Ship alerts about new indicators Play sound alerts- Use sound notification for alerts Sound name- The title of the sound used for alerts Ship mails- Use sending letters concerning the look of indicators to the dealer’s e-mail Ship push notifications- Use notifications about new indicators on the cell model of the dealer’s terminal

GRAPHICS SETTINGS – Graphic settings part

FontSize_Panel – Textual content measurement Colour of textual content in panel – Textual content shade Colour of downtrend – Colour of the downtrend Colour of uptrend – Colour of the uptrend

For builders:

For the reason that indicator works on the shut of the candle, to name the iCustom perform you need to use the values of the penultimate candle with index 1.

Knowledge Buffer Quantity Values Uptrend 0 >0 – upward pattern Downtrend 1 >0 – downward pattern Purchase Sign 9 >0 – Purchase sign Promote Sign 10 >0 – Promote sign Take Revenue 1 Factors 18 Integer worth Take Revenue 1 Value 37 Value Take Revenue 1 Hit Quantity 41 Integer worth Take Revenue 1 Hit % 24 Worth from 0.00 to 100.00 Take Revenue 2 Factors 19 Integer worth Take Revenue 2 Value 38 Value Take Revenue 2 Hit Quantity 42 Integer worth Take Revenue 2 Hit % 25 Worth from 0.00 to 100.00 StopLoss Factors 33 Integer worth StopLoss Value 39 Value(For Dynamic SL mode solely)  Alerts 34 Integer worth, variety of indicators. Exit Loss Quantity 44 Integer worth Exit Loss % 28 Worth from 0.00 to 100.00 Exit Win Quantity 43 Integer worth Exit Win % 29 Worth from 0.00 to 100.00 Success Price(%) 35 Worth from 0.00 to 100.00

Purchase the indicator now:

MT4 model👉https://www.mql5.com/en/market/product/121704

MT5 model👉https://www.mql5.com/en/market/product/121573

AW Buying and selling Software program

Assist:https://www.mql5.com/ru/customers/nechaevrealle