kruskakli

DC Panel

Presenting a an indicator based around a Donchian Channel.

The panel has 7 rows where each cell can be either green (long), red (short) or gray (nothing).

Suggestion: Enter (on your own risk...) a trade when all columns have the same color; Exit when any, but the top, column switch color.

The Panel consists of the following, from top to bottom:

1. Price hits the edge of the DC-channel.
2. Price is on the right side of the DC-average line.
3. Price is on the right side of the Baseline
4. PVI is on the right side of the PVI-signal line.
5. Wave-A
6. Wave-B
7. Wave-C
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Comments

Have you thought about using this on lower timeframes?
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kruskakli SavedByTheBellBrent
@SavedByTheBellBrent, no, not really, but perhaps I should give it a try.
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this is a great indicator, nice job!
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kruskakli TraderSkyr
@TraderSkyr, thanks! I have had a couple of successful trades with it lately.
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not working in chart
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kruskakli rkrahul86
@rkrahul86, wow, I'm surprised to hear that. I mean it is a pretty simple script.
What time frame are you using and what commodity? Would be nice if I could recreate the problem.
Reply
azri43 rkrahul86
@rkrahul86, try to change to other exchanges that show volume like fxcm or oanda
Reply
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