Donchian Ultimate

[Enivid]

Discuss Donchian Ultimate indicator (a highly customizable indicator of Donchian channels) for MT4, MT5, and cTrader in this thread. You can ask any questions about this free indicator here.

 

[ulises2k]

When you test the indicator in build 4260 it draws badly

 

[Enivid]

Looks normal here:

Are you using default settings? Perhaps, there is some problem in the broker's historic data for backtesting?

 

[ulises2k]

Looks normal here:
View attachment 27960
Are you using default settings? Perhaps, there is some problem in the broker's historic data for backtesting?

Are you using default settings? Yes.
Maybe historical data is missing. Test in 1Minute TrimeFrame

 

[Enivid]

Are you using default settings? Yes.
Maybe historical data is missing. Test in 1Minute TrimeFrame

No problem on M1 on the same time range as on your screenshot:

 

[Sonny]

Can I please ask how the support/resistance zones are calculated? Are they basically another Donchian channel with a lesser look back period?

 

[Enivid]

Can I please ask how the support/resistance zones are calculated? Are they basically another Donchian channel with a lesser look back period?

No. For example, the upper Donchian line is based on the highest high during the period. Then the resistance line (for the resistance zone) will be based on the highest low during the period.