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RafaelZioni

Donochian zones

RafaelZioni  
Donchian Channels (DC)
35
0
donchianchannels
This indicator give the ratio between the high and low of donochian channel and if we take ratio and add it to each other then we can calculate if it + meaning bullish trend or negative meaning bearish trend
using non repainting MTF we can see the zone of the channel at different time set
we can use this indicator to filter bad signal or make it stand alone


here example of amazon stock with 360 min mtf over one hour graph
snapshot



here facebook 240min over 15 min graph

snapshot
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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