OPEN-SOURCE SCRIPT
donchian diff [LM]
Hello traders,
I would like to present you Donchian diff script. The idea behind this script is that as in Ichimoku I consider base line as equilibrium so I calculate percentages between base line and current price and calculate percentage between base line and conversion line and use them as a filter. For signals I used also that candle has to be highest or lowest in x(configurable) consecutive candles.
It has following setting:
Base line setting
Conversion line setting
buy/sell signal setting - here you can setup buy/sell condition
filter setting - here you can set up percentages of the distances
Hope you will enjoy it,
L
I would like to present you Donchian diff script. The idea behind this script is that as in Ichimoku I consider base line as equilibrium so I calculate percentages between base line and current price and calculate percentage between base line and conversion line and use them as a filter. For signals I used also that candle has to be highest or lowest in x(configurable) consecutive candles.
It has following setting:
Base line setting
Conversion line setting
buy/sell signal setting - here you can setup buy/sell condition
filter setting - here you can set up percentages of the distances
Hope you will enjoy it,
L
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