CM_Donchian Channels Modified_V2 With Alert Capability
***This Indicator was created by user Request to Add Alerts Capabilities for Donchian Channels.
New Features: ***Alerts Work - Ability To Create Alerts From Main Indicator. ***Can Also Be Used In Conjunction with Lower Indicator - CM_Donchian Channels Modified_V2_Lower_Alert ***Added Ability To Turn On/Off Highlight Bars. ***Added Ability to Turn On/Off Donch Channel Midline ***Added Ability to Turn On/Off Triangles That Plot At Top and Bottom Of Chart When Breakout Condition is TRUE.
Special Indicator Features: ***Ability To Use Different LookBack Period on Upper and Lower Donch Channel Lines.
How To Create Alerts: ***Create Alert by selecting Indicator - Either the name of the Upper Or Lower Indicator... ***Then select either Alert Breakout Upside or Downside(To The Right Of Indicator Name) ***Select Greater Than ***Select Value ***For Value put .99
Hi Chris. Thanks for this and all your great indicators. Definitely appreciate the work. I like this one a lot but I've been looking at it and I'm seeing instances where price causes the donchian channel to move up/down but a green/red triangle doesn't appear. I can even see instances in the main example on this page. Is there a parameter I'm not aware of that is filtering out certain moves to produce the triangle? I've looked at the code and am not seeing anything, but then again I'm not that well-versed in this area so who knows. From my understanding anytime price causes the donchian to increase or decrease due to the current bar's price action we should be seeing a green/red triangle. Is this correct? Thanks in advance! Any help or clarification would be appreciated.