November 5, 2022

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Donchian Channels – DCH

The Donchian channel is an indicator used in market trading developed by Richard Donchian. It is formed by taking the highest high and the lowest low of the last n periods. The area between the high and the low is the channel for the period chosen.


The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. Its primary use, however, is for providing signals for long and short positions. If a security trades above its highest n periods high, then a long is established. If it trades below its lowest n periods low, then a short is established.



The indicator has two parameters:

  1. Computed From – refers to the source of the price data on each bar
  2. Period – refers to the number of periods on which indicator is calculated


The indicator has three lines:

  1. Upper Band
  2. Middle Band
  3. Lower Band


Indicator is implemented for: MT4/MT5/Tradestation/ Multicharts

You can download the indicator here.



Indicator is implemented for: MT4/MT5/Tradestation/ Multicharts.


How to import custom blocks:

  1. Open the Algo Wizard in SQX
  2. Select Customize
  3. Select Custom Blocks
  4. Import Custom Blocks
  5. Save them


You can easily do your conditions in Custom blocks. More information you can find here:

In this module, you can also modify the custom blocks – change the periods, change the steps, etc.


How to import custom indicators to SQX:


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November 18, 2022 3:54 pm

Excellent !!!!!!! Thank you Clonex !!!