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cyatophilum
16 aug 2022 08:35

Donchian Channels Oscillator 

Bitcoin / TetherUSBinance

Beskrivning

If we take the difference between Donchian Channels upper and lower, we can get a lot of information on the trend. I made it into a percentage and used a color system to make it easy to look at.

> green color = bullish trend
> red color = bearish trend
> white color = consolidation OR trend is about to change (low percentage)

The percentage value tells us about the strength of the trend. The highest, the strongest the trend is.
Kommentarer
DaveBrascoFX
Thank you very much for this indicator and information.I gave you a follow
cyatophilum
@DaveBrascoFX, you're welcome!
AlpeshShah01
it is very superb!!! thanks a lot
obstak
I dont see the green and red signals , only white line
simwai
Cool idea
Mer