ImmortalFreedom

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 closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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