Donochian zones

19 Oca 2019

This indicator give the ratio between the high and low of donochian channel and if we take ratio and add it to each other then we can calculate if it + meaning bullish trend or negative meaning bearish trend
using non repainting MTF we can see the zone of the channel at different time set
we can use this indicator to filter bad signal or make it stand alone


here example of amazon stock with 360 min mtf over one hour graph




here facebook 240min over 15 min graph