Looking forward to porting Donchian Channel (SL) to the technical indicator window.mrtools wrote: Sat Jun 04, 2022 2:23 pm Hard to get it exact to Mladen's mt5 version, but think this is close. If using the fill make sure foreground chart is checked.
ๅคช่ไธๆฏซ wrote: Fri Apr 14, 2023 1:07 pm Looking forward to porting Donchian Channel (SL) to the technical indicator window.
If you can make donchian channels like OBV (extended), cci (mimic), Rex - extended (mtf), Schaff tcd RSI (extended) in the MT5 version, of course, it is better!
mrtools wrote: Thu Jun 09, 2022 3:04 am To start with found this done by Mladen quite a while ago, looks interesting.
tks for this recomendation...FXSurf wrote: Mon Nov 07, 2022 2:15 am Yes there is a big difference then regular renko bars. You can find it in the marketplace.
this one?ๅคช่ไธๆฏซ wrote: Sun Apr 16, 2023 6:44 pm The Turtle Trading Channel is famous. It is said to be a usage of the Donchian Channel.
Expect teachers to add BTN to The Turtle Trading Channel MTF + Alerts, The Turtle Trading Channel MTF + Alerts Histo.
The merit is immeasurable!
viewtopic.php?t=8473841&p=1295449922#p1295449922
viewtopic.php?t=8412977&p=1295500875#p1295500875
viewtopic.php?f=579496&t=8474854&start=520
viewtopic.php?f=579496&p=1295483031#p1295483031
Additional Notes:
Found so much, ask the teacher to check the code. If the code is okay and not redrawn, the teacher does not have to do the turtle trading channel btn. Thanks a lot!
Re: Bollinger Bands type indicators for MT4
Code: Select all
//@version=5
/// โโโ โ โ โ โโโ โ โ โ โโโ โโโ โโโ โโโ โโโ โโโ โโโ โโโ โ โ โโโโ
/// โโโ โ โ โ โโโ โ โ โ โ โโ โโโ โ โโ โโโ โ โ โ โโโโ โ โโ
/// โ โโโ โโโ โโโ โโโ โโโ โ โ โ โ โ โ โ โ โ โ โโโ โโโ โ โโ โโโโ
/// ยฉ PlusUltraTrading
indicator(title='Bollinger Bands assumption percentige Mod', overlay=true)
///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
/////////////////////////////////////////--------------------- BaseLine --------------------///////////////////////////////////////
///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
BaseLine_show = input(defval=true, title='Show BaseLine + Bands', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
BaseLine_Type = input.string(defval='SMA | Simple MA', title='Type', options=['SMA | Simple MA', 'SMMA | Smoothed MA'], group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ', inline='BaseLine')
BaseLine_Length = input.int(defval=34, minval=1, title='Length', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ', inline='BaseLine')
BaseLine_Source = input.source(defval=close, title='Source', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ', inline='BaseLine')
mult1 = input.float(defval=1.0, minval=0.001, maxval=50, title='Mult', inline='mult1', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
mult2 = input.float(defval=1.0, minval=0.001, maxval=50, title='Mult', inline='mult2', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
mult3 = input.float(defval=3.0, minval=0.001, maxval=50, title='Mult', inline='mult3', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
upperbase_colbull = input.color(defval=color.new(#434651, 0), title='U|Base Bull', inline='BaseLine Style', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
upperbase_colbear = input.color(defval=color.new(#2a2e39, 0), title='U|Base Bear', inline='BaseLine Style', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
lowerbase_colbull = input.color(defval=color.new(#434651, 0), title='L|Base Bull', inline='BaseLine Style', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
lowerbase_colbear = input.color(defval=color.new(#2a2e39, 0), title='L|Base Bear', inline='BaseLine Style', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
upper1_colbull = input.color(defval=color.new(#009f6a,0), title='U|Bull', inline='mult1', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
upper1_colbear = input.color(defval=color.new(#005d3e,0), title='U|Bear', inline='mult1', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
lower1_colbull = input.color(defval=color.new(#64005e,0), title='L|Bull', inline='mult1', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
lower1_colbear = input.color(defval=color.new(#9e0095,0), title='L|Bear', inline='mult1', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
upper2_colbull = input.color(defval=color.new(#00ffa9,0), title='L|Bull', inline='mult2', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
upper2_colbear = input.color(defval=color.new(#009f6a,0), title='L|Bear', inline='mult2', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
lower2_colbull = input.color(defval=color.new(#9e0095,0), title='L|Bull', inline='mult2', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
lower2_colbear = input.color(defval=color.new(#ff00d7,0), title='L|Bear', inline='mult2', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
upper3_colbull = input.color(defval=color.new(#ffbe1d,0), title='L|Bull', inline='mult3', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
upper3_colbear = input.color(defval=color.new(#ffbe1d,33), title='L|Bear', inline='mult3', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
lower3_colbull = input.color(defval=color.new(#f7525f,33), title='L|Bull', inline='mult3', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
lower3_colbear = input.color(defval=color.new(#f7525f,0), title='L|Bear', inline='mult3', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
//multiplier1_LineWidth = input.int(defval=2, title='L', inline='mult1', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')//
//multiplier2_LineWidth = input.int(defval=2, title='L', inline='mult2', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')//
//multiplier3_LineWidth = input.int(defval=2, title='L', inline='mult3', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')//
ma_Type(_type, _src, _len) =>
float baseline = 0.0
if _type == 'SMA | Simple MA'
baseline := ta.sma(_src, _len)
else if _type == 'SMMA | Smoothed MA'
w = ta.wma(_src, _len)
baseline := na(w[1]) ? ta.sma(_src, _len) : (w[1] * (_len - 1) + _src) / _len
basis = ma_Type(BaseLine_Type, BaseLine_Source, BaseLine_Length)
upper1 = basis + mult1 * ta.stdev(BaseLine_Source, BaseLine_Length)
lower1 = basis - mult1 * ta.stdev(BaseLine_Source, BaseLine_Length)
upper2 = basis + mult2 * ta.stdev(BaseLine_Source, BaseLine_Length)
lower2 = basis - mult2 * ta.stdev(BaseLine_Source, BaseLine_Length)
upper3 = basis + mult3 * ta.stdev(BaseLine_Source, BaseLine_Length)
lower3 = basis - mult3 * ta.stdev(BaseLine_Source, BaseLine_Length)
plot_basis = plot(BaseLine_show ? basis : na, title='BaseLine', color=upperbase_colbull)
plot_upper1 = plot(BaseLine_show ? upper1 : na, title='Upper 1', color=upper1_colbull)
plot_lower1 = plot(BaseLine_show ? lower1 : na, title='Lower 1', color=lower1_colbear)
plot_upper2 = plot(BaseLine_show ? upper2 : na, title='Upper 2', color=upper2_colbull)
plot_lower2 = plot(BaseLine_show ? lower2 : na, title='Lower 2', color=lower2_colbear)
plot_upper3 = plot(BaseLine_show ? upper3 : na, title='Upper 3', color=upper3_colbull)
plot_lower3 = plot(BaseLine_show ? lower3 : na, title='Lower 3', color=lower3_colbear)
///////////////////////////////////////--------------------- BB STD Bar coloring ------------------/////////////////////////////////////////
BBSTD_showbarcolor = input(defval=true, title='Color Bars/Candles based on STD Value', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
cond1bear = close>basis and close<upper1 and open > close
cond1bull = close>basis and close<upper1 and close > open
cond2bear = close>basis and close>upper1 and close<upper2 and open > close
cond2bull = close>basis and close>upper1 and close<upper2 and close > open
cond3bear = close>basis and close>upper1 and close>upper2 and close<upper3 and open > close
cond3bull = close>basis and close>upper1 and close>upper2 and close<upper3 and close > open
cond4bear = close>basis and close>upper1 and close>upper2 and close>upper3 and open > close
cond4bull = close>basis and close>upper1 and close>upper2 and close>upper3 and close > open
cond5bear = close<basis and close>lower1 and open > close
cond5bull = close<basis and close>lower1 and close > open
cond6bear = close<basis and close<lower1 and close>lower2 and open > close
cond6bull = close<basis and close<lower1 and close>lower2 and close > open
cond7bear = close<basis and close<lower1 and close<lower2 and close>lower3 and open > close
cond7bull = close<basis and close<lower1 and close<lower2 and close>lower3 and close > open
cond8bear = close<basis and close<lower1 and close<lower2 and close<lower3 and open > close
cond8bull = close<basis and close<lower1 and close<lower2 and close<lower3 and close > open
BBSTD_barcolor = cond1bear ? na : cond2bear ? upper1_colbear : cond3bear ? upper2_colbear : cond4bear ? upper3_colbear : cond5bear ? na : cond6bear ? lower1_colbear : cond7bear ? lower2_colbear : cond8bear ? lower3_colbear :
cond1bull ? na : cond2bull ? upper1_colbull : cond3bull ? upper2_colbull : cond4bull ? upper3_colbull : cond5bull ? na : cond6bull ? lower1_colbull : cond7bull ? lower2_colbull : cond8bull ? lower3_colbull : na
barcolor(BBSTD_showbarcolor ? BBSTD_barcolor : na, title='Bar/Candle-colors Trend')
///////////////////////////////////////--------------------- BB STD Stats ------------------/////////////////////////////////////////
BBSTD_show_stats = input(defval=true, title='Show BB STD Stats', group='โโโโโโโโโโโโโโโโโโ BaseLine โโโโโโโโโโโโโโโโโโ')
if BBSTD_show_stats
perc_line = box.new(left=na, top=na, right=na, bottom=na, border_width=1,border_color=upperbase_colbull)
box.set_lefttop(perc_line, left=bar_index + 3, top=upper1)
box.set_rightbottom(perc_line, right=bar_index + 3, bottom=basis)
box.delete(perc_line[1])
wa_low_perc_line_l = box.new(left=na, top=na, right=na, bottom=na, border_width=1, border_color=upperbase_colbear)
box.set_lefttop(wa_low_perc_line_l, left=bar_index + 3, top=basis)
box.set_rightbottom(wa_low_perc_line_l, right=bar_index + 3, bottom=lower1)
box.delete(wa_low_perc_line_l[1])
wa_up_perc_line = box.new(left=na, top=na, right=na, bottom=na, border_width=1, border_color=upper1_colbull)
box.set_lefttop(wa_up_perc_line, left=bar_index + 3, top=upper2)
box.set_rightbottom(wa_up_perc_line, right=bar_index + 3, bottom=upper1)
box.delete(wa_up_perc_line[1])
wa_low_perc_line = box.new(left=na, top=na, right=na, bottom=na, border_width=1, border_color=lower1_colbear)
box.set_lefttop(wa_low_perc_line, left=bar_index + 3, top=lower1)
box.set_rightbottom(wa_low_perc_line, right=bar_index + 3, bottom=lower2)
box.delete(wa_low_perc_line[1])
ao_up_perc_line = box.new(left=na, top=na, right=na, bottom=na, border_width=1, border_color=upper2_colbull)
box.set_lefttop(ao_up_perc_line, left=bar_index + 3, top=upper3)
box.set_rightbottom(ao_up_perc_line, right=bar_index + 3, bottom=upper2)
box.delete(ao_up_perc_line[1])
ao_low_perc_line = box.new(left=na, top=na, right=na, bottom=na, border_width=1, border_color=lower2_colbear)
box.set_lefttop(ao_low_perc_line, left=bar_index + 3, top=lower2)
box.set_rightbottom(ao_low_perc_line, right=bar_index + 3, bottom=lower3)
box.delete(ao_low_perc_line[1])
// total number
var bars = 1
if upper3 != upper3[1]
bars += 1
// number that close > upper1
var u1 = 0.0
if upper1 <= close
u1 += 1
// number that close > upper2
var u2 = 0.0
if upper2 <= close
u2 += 1
// number that close > upper3
var u3 = 0.0
if upper3 <= close
u3 += 1
// number that close < lower1
var l1 = 0.0
if lower1 >= close
l1 += 1
// number that close < lower2
var l2 = 0.0
if lower2 >= close
l2 += 1
// number that close < lower3
var l3 = 0.0
if lower3 >= close
l3 += 1
//probability
p_u1 = u1/bars * 100
p_l1 = l1/bars * 100
p_u2 = u2/bars * 100
p_l2 = l2/bars * 100
p_u3 = u3/bars * 100
p_l3 = l3/bars * 100
if BBSTD_show_stats
var label label_u1 = na
label.delete(label_u1)
label_u1 := label.new(bar_index+9, upper1, text='' + str.tostring(mult1) + ' : ' + str.tostring(p_u1,'#.##')+'%', style=label.style_label_left, color=na, textcolor=upper2_colbear,textalign=text.align_left)
var label label_u2 = na
label.delete(label_u2)
label_u2 := label.new(bar_index+9, upper2, text='' + str.tostring(mult2) + ' : ' + str.tostring(p_u2,'#.##')+'%', style=label.style_label_left, color=na, textcolor=upper2_colbull,textalign=text.align_left)
var label label_u3 = na
label.delete(label_u3)
label_u3 := label.new(bar_index+9, upper3, text='' + str.tostring(mult3) + ' : ' + str.tostring(p_u3,'#.##')+'%', style=label.style_label_left, color=na, textcolor=upper3_colbull,textalign=text.align_left)
var label label_l1 = na
label.delete(label_l1)
label_l1 := label.new(bar_index+9, lower1, text='' + str.tostring(-mult1) + ' : ' + str.tostring(p_l1,'#.##')+'%', style=label.style_label_left, color=na, textcolor=lower2_colbull,textalign=text.align_left)
var label label_l2 = na
label.delete(label_l2)
label_l2 := label.new(bar_index+9, lower2, text='' + str.tostring(-mult2) + ' : ' + str.tostring(p_l2,'#.##')+'%', style=label.style_label_left, color=na, textcolor=lower2_colbear,textalign=text.align_left)
var label label_l3 = na
label.delete(label_l3)
label_l3 := label.new(bar_index+9, lower3, text='' + str.tostring(-mult3) + ' : ' + str.tostring(p_l3,'#.##')+'%', style=label.style_label_left, color=na, textcolor=lower3_colbear,textalign=text.align_left)
var label label_total = na
label.delete(label_total)
label_total := label.new(bar_index+15, basis, text=BaseLine_Type + ' : ' + str.tostring(BaseLine_Length) + ' | Bars Back ' + str.tostring(bars,"#"), style=label.style_label_left, color=na, textcolor=#636363,textalign=text.align_left)
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