Request to transfer to MT4
Trend histogram ( lowest line ) have two mode on first signals or all signals....
How does it work?
The Donchian Trend Ribbon Heatmap utilizes Donchian Channels to create a trend overview histogram. When zoomed out, it can be used as a heatmap.
- It determines the main trend direction based on a length that you can set yourself, allowing for customization.
- Next, it assesses the trend direction for each of the 9 shorter lengths. For example, if you set the length to 20, the shorter lengths will be 19, 18, down to 11.
- It then checks if the trend directions from these shorter lengths match the main trend direction.
- Based on this, it alters the color of the trend ribbon.
