Donchian Channels Indicator

What Are Donchian Channels?

Donchian Channels are three lines generated by moving average calculations that comprise an indicator formed by upper and lower bands around a midrange or median band. The upper band marks the highest price of a security over N periods while the lower band marks the lowest price of a security over N periods. The area between the upper and lower bands represents the Donchian Channel.

https://www.investopedia.com/terms/d/donchianchannels.asp

I don't remember where I got the code. Then I applied a fix to the code in "HIGH_LOW_OPEN" since the original was wrong.

Then I added one more buffer with the closing price of the candle to be able to use it in CP with the "Type=On Line Cross"

The buy signal is when the candle before the current one (Use closed bars only=true) is above the middle line (Color=clrYellow)

Sell when it is below.

Indicator:

donchian_channels.ex5
donchian_channels.mq5

Config:

Test_v2.54.set