Description
This is a simple Donchian Channel that paints the candles with colors based on the trend and channel area.
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using System;
using System.Collections.Generic;
using System.Linq;
using System.Text;
using cAlgo.API;
using cAlgo.API.Collections;
using cAlgo.API.Indicators;
using cAlgo.API.Internals;
namespace cAlgo
{
[Cloud("Upper Channel", "Middle Channel", FirstColor = "Green")]
[Cloud("Middle Channel", "Bottom Channel", FirstColor = "Coral")]
[Indicator(AccessRights = AccessRights.None, IsOverlay = true)]
public class DonchianChannelExperto : Indicator
{
[Parameter(DefaultValue = "Hello world!")]
public string Message { get; set; }
[Output("Upper Channel", LineColor = "LawnGreen")]
public IndicatorDataSeries DChannel_Upper { get; set; }
[Output("Middle Channel", LineColor = "Gold")]
public IndicatorDataSeries DChannel_Middle { get; set; }
[Output("Bottom Channel", LineColor = "Coral")]
public IndicatorDataSeries DChannel_Bottom { get; set; }
public DonchianChannel DChannel;
protected override void Initialize()
{
DChannel = Indicators.DonchianChannel(20);
}
public override void Calculate(int index)
{
DChannel_Upper[index] = DChannel.Top[index];
DChannel_Middle[index] = DChannel.Middle[index];
DChannel_Bottom[index] = DChannel.Bottom[index];
if(Bars.ClosePrices[index] >= DChannel_Middle[index])
{
if(Bars.ClosePrices[index] >= Bars.OpenPrices[index])
Chart.SetBarColor(index, Color.LawnGreen);
else if(Bars.ClosePrices[index] < Bars.OpenPrices[index])
Chart.SetBarColor(index, Color.YellowGreen);
}
else if(Bars.ClosePrices[index] < DChannel_Middle[index])
{
if(Bars.ClosePrices[index] <= Bars.OpenPrices[index])
Chart.SetBarColor(index, Color.Red);
else if(Bars.ClosePrices[index] > Bars.OpenPrices[index])
Chart.SetBarColor(index, Color.Coral);
}
}
}
}
TraderExperto
Joined on 07.06.2019
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Donchian Channel Experto.algo
- Rating: 5
- Installs: 1547
- Modified: 25/10/2022 00:52
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