Donchian Cloud - evo — Indicator by EvoCrypto

trendanalysis movingaverage ichimokuclouds donchain cloud multi-timeframe

A cloud based on the highest high and lowest low of a given period (Donchian), same lines used in Ichimoku Cloud (Conversion line or Base line).

Short term line is based on current time frame, long term line is based on your given multiple of current time frame.
The color of the lines is based on up or down movement.

I stole a piece of code from PineCoders for the multiple time frame:

MTF Selection Framework - PineCoders FAQ

I have not used this in my trades (yet) so I don't know how good it is, just posting because it looks nice :)
Feel free to share your settings if you can find good ones.

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.

Disclaimer

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