VR Donchian is an improved variant of the Donchian station. Improvements were made to almost all the station functions, but the main algorithm of performance and station building were preserved. The indicator has been added to change the colour of the amounts depending on the current fad – this clearly shows the trader a change in trend, flat. The capacity to inform the trader regarding the breakout of one of the two channel levels has been added to the smartphone, email, or in the MetaTrader terminal itself. Price tags have been added, with the support of which the trader sees the prices of the levels on the chart. The algorithm of the classic Donchian indicator has been optimized and accelerated due to the fact that the trader can set how many periods the indicator will calculate. The classic Donchian indicator calculates the entire history available in the MetaTrader terminal, which greatly loads the MetaTrader terminal with mathematical calculations. The VR Donchian indicator calculates only the amount that the trader sets in the setup, which reduces the load on the MetaTrader terminal by tens and hundreds of times.

If the new local high is higher than the previous one and the new local low is higher than the previous one, then the trading instrument has an uptrend.
If the new local high is lower than the previous one and the new local low is lower than the previous one, then the trading instrument is in a downtrend.
If we cannot apply any of the two rules described above to the current trend, then there is no certainty on the trading instrument or a flat on the other one.

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• One of the most accurate indicators displaying channels.
• The ability to receive messages via an Alert on the screen, a Push message to your smartphone, and an Email message.
• Suitable for any financial instruments, Forex, Crypto, CFD, Metalls.
• The indicator does not redraw.
• Easy to install – just drag the mouse over the chart.
• It works in the strategy tester, on a demo account and on real accounts.
• Suitable for both beginners and professionals, the indicator is based on the classic rules of trading.
• A large number of settings that help you customize the indicator to your liking.
• The indicator can transmit signals by standard methods through buffers and through global variables of the terminal.
• Availability of two versions for the terminal MetaTrader 4 and MetaTrader 5

• The longer the period in which you use the indicator, the more accurate its readings will be and the larger the trend (in size) can be determined.
• Sharing the indicator with your trading strategy will increase the probability of success and reduce the likelihood of losses.
• Avoid moments of uncertainty and trading at the time of the news release.
• Select the indicator period based on the last zone of uncertainty. Set such a period that there would be no false trend readings in the zone of uncertainty.
• Use multiple copies of indicators with different periods, for example, the period of the first indicator 21 and the period 48 of the second indicator.
• Buy when the upper level is broken and sell when the lower level is broken, good signals are obtained when the price breaks through several lines of different indicator periods, at the same level.
• Do not use profitability statistics all the time, we recommend using profitability statistics only when selecting a period or analyzing a new financial instrument.

You can read more information about the settings in the blogs:

Blog in Russian read it
Blog in English read it

Market version of MetaTrader 4
Market version of MetaTrader 5

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