VolatilityMetaTrader 5 • MQL5

Donchian Channel Indicator for MetaTrader 5

Highest high and lowest low channel with breakout alerts

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About This Indicator

Donchian Channels mark the highest high and lowest low over a configurable period. When price breaks above the upper band it signals a potential bullish breakout. This indicator is the foundation of the famous Turtle Trading system.

Key Features

  • Upper, lower, and midline channels
  • Alert on upper and lower band breakouts
  • Configurable lookback period
  • Channel shading for visual clarity
  • Midline as dynamic support/resistance

Frequently Asked Questions

What is the Turtle Trading system?

The Turtle Trading system uses Donchian Channel breakouts (20 and 55 period) as entry signals for trend following trades.

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