Enhanced Donchian Channel Overlay

This is my first public release of an indicator, free for all to use. There will be a multitude of indicators significantly more complex in the future, still under testing. It's simple purpose is to track highest high in red and lowest low in lime over a specified period of 5 preceding bars by default. The upper and lower banding have independent adjustable period settings. The banding line widths are also adjustable. A smoothable mean line is displayed in olive color and may be disabled by altering the line width to zero. I also included a yellow close line capability disabled by default by it's line width. I presume most people use candles but an occasional few may wish to see a close line plot too. Please provide any feedback/requests as you wish.

Release Notes

Added dark background color that is disable capable to improve color vibrancy
Subtle color adjustments for clarity
Refactored
"close" line disabled by default
Moved to Donchian Channels category from Trend Analysis

Release Notes

PSv4.0 update, added transparency control, refactoring

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

ImmortalFreedom

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Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

ImmortalFreedom