Donchian Channel + 200 MA Trading Indicator

This indicator combines the Donchian Channel with a 200-period moving average to identify strong trending opportunities with momentum confirmation.
Signal Interpretation:

🟢 Green Triangle (Bullish Signal)

Appears when price breaks above the upper channel AND is trading above the 200 MA
Indicates strong bullish momentum
Suggests potential long entry opportunity

🔴 Red Triangle (Bearish Signal)

Appears when price breaks below the lower channel AND is trading below the 200 MA
Indicates strong bearish momentum
Suggests potential short entry opportunity

Trading Style:

Designed for right-side entry (trend-following after confirmation)
The 200 MA filter helps avoid false signals by ensuring alignment with the broader trend
Best suited for swing trading and capturing sustained moves

Key Components:

Green Upper Band: Resistance/breakout level
Red Lower Band: Support/breakdown level
Orange Line: 200-period moving average (trend filter)
Blue Middle Line: Channel midpoint (optional display)