OPEN-SOURCE SCRIPT
Donchian Fibs
So this is donchian channel with its fibs level
the TF is set to 1440 min to show daily trend
the highs and lows of the channel is shown
so why this shit?
I like sometime to play on lower TF lets say 5 min chart or 15 min chart
So if I reduce the TF to 60 on 5 or 15 min chart I can get more realistic fib system then the regular that we normaly use
So you need to play with TF to get the best result for your chart :)
the TF is set to 1440 min to show daily trend
the highs and lows of the channel is shown
so why this shit?
I like sometime to play on lower TF lets say 5 min chart or 15 min chart
So if I reduce the TF to 60 on 5 or 15 min chart I can get more realistic fib system then the regular that we normaly use
So you need to play with TF to get the best result for your chart :)
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Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.