OPEN-SOURCE SCRIPT
Institutional Donchian Trend Alignment System (Configurable)
Institutional Donchian Trend Alignment System
Created by JONATHAN MWENDWA
The Institutional Donchian Trend Alignment System is a professional trend-following and market-structure indicator designed to identify high-probability intraday trading opportunities using objective price action principles.
This model is built on the foundation of the classic Donchian Channel breakout concept, widely known for detecting genuine market momentum when price breaks previous highs or lows. Instead of relying on a single timeframe, the system uses multi-timeframe alignment to confirm directional bias, ensuring trades are taken only when the higher timeframe, setup timeframe, and entry timeframe are all moving in the same direction.
To improve signal quality and reduce false breakouts, the indicator incorporates liquidity sweep detection, acceptance candle confirmation, and optional volume participation filtering. These components are designed to reflect real market mechanics where price often hunts liquidity, retraces, and then continues in the dominant trend.
Risk awareness is supported through an adaptive ATR-based stop reference, which adjusts to current market volatility and helps traders manage positions more objectively.
Key Features:
• Multi-timeframe trend alignment (Bias, Setup, Entry)
• Donchian breakout-based market structure detection
• Configurable acceptance candle confirmation (default: 3)
• Optional liquidity sweep filter
• Optional volume confirmation
• Dynamic ATR stop reference levels
• Visual background showing strong trend alignment
This indicator is not intended to predict the market but to help traders participate during periods of confirmed directional strength while avoiding low-probability ranging conditions. When used with proper risk management, session awareness, and disciplined execution, it can significantly improve trade selection and overall consistency.
Designed for intraday traders across Forex, indices, commodities, and crypto markets.
Created by JONATHAN MWENDWA
Created by JONATHAN MWENDWA
The Institutional Donchian Trend Alignment System is a professional trend-following and market-structure indicator designed to identify high-probability intraday trading opportunities using objective price action principles.
This model is built on the foundation of the classic Donchian Channel breakout concept, widely known for detecting genuine market momentum when price breaks previous highs or lows. Instead of relying on a single timeframe, the system uses multi-timeframe alignment to confirm directional bias, ensuring trades are taken only when the higher timeframe, setup timeframe, and entry timeframe are all moving in the same direction.
To improve signal quality and reduce false breakouts, the indicator incorporates liquidity sweep detection, acceptance candle confirmation, and optional volume participation filtering. These components are designed to reflect real market mechanics where price often hunts liquidity, retraces, and then continues in the dominant trend.
Risk awareness is supported through an adaptive ATR-based stop reference, which adjusts to current market volatility and helps traders manage positions more objectively.
Key Features:
• Multi-timeframe trend alignment (Bias, Setup, Entry)
• Donchian breakout-based market structure detection
• Configurable acceptance candle confirmation (default: 3)
• Optional liquidity sweep filter
• Optional volume confirmation
• Dynamic ATR stop reference levels
• Visual background showing strong trend alignment
This indicator is not intended to predict the market but to help traders participate during periods of confirmed directional strength while avoiding low-probability ranging conditions. When used with proper risk management, session awareness, and disciplined execution, it can significantly improve trade selection and overall consistency.
Designed for intraday traders across Forex, indices, commodities, and crypto markets.
Created by JONATHAN MWENDWA
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
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
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
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.