Hi Forex Wiki Friends,

Donchian channel Pro Ind Description : 

Trexper indicator uses the calculation of the same infamous indicator named "Donchian channel" -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 in conjunction with another powerful indicator named "Moving Average Ribbon", which is a series of moving averages of different lengths plotted at the same time on a chart. 

In our case our indicator uses 18 different lengths of moving averages for the moving average ribbon and it is calculated based on the simple moving average (SMA) or Exponential moving average (EMA). The Donchian channel and the ribbon indicate the market trend direction. When the current price is above the channel or ribbon it should clearly indicate a bullish trend or buyers getting optimistic and the bulls dominating against bears and when the price is lower the channel or ribbon it should indicate a bearish trend or sellers/bears dominating against bulls. 

This ribbon and channel both acts also as dynamic resistance and support depending on where the current price is floating. Price floating above the channel and ribbon will act as a support level and when price floating below the channel shall act as resistance and price will feel difficulties to break above the channel and ribbon. With some slightly complicated calculation on the higher high and lower low from multiple timeframes of the same security, "Trexper" generates potential long and short trade signals.

It came along with small lines drawn on high or low of a price bar which pinpoints the highest high or lowest low of the price for that certain financial instrument. Actually, our indicator is also using another powerful indicator to generate signals: Average true range (ATR) and True range (TR). The most contribution goes to the average true range and true range for our indicator to decide either a long or short signal.

Product Features:

• Powerful 3 indicators concept used in one.
• Long/Short signals.
• Overall market trend.
• Dynamic resistance and support levels.
• Determines the strength of a trend.
• Alert feature.
• Available in Tradingview.com and Metatrader 4.
• Lifetime access.
• All currency pairs.
• Free Ebook guideline.
• Free updates.
• More than 80% winning rate.
• Non repaint indicator.

Broker Requirement :

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Donchian channel Pro Ind Settings:

Donchian channel Pro Ind Results:

 How it works in MetaTrader4 ?

How it works on Tradingview?

Download Donchian channel Pro Ind:

[+ForexWikiTrading.com]TREXPER