DrPeter
29 Aug 2013, 15:36

RE:

gorin said:

Actually, 

The selected period does not include the day on which the band is plotted (otherwise the band would never be crossed). For example, the 20-Day Donchian Channels for today are the highest high and lowest low for the preceding 20 trading days.

[http://www.incrediblecharts.com/indicators/donchian_channels.php] 

Perhaps you have misinterpreted the IncredibleCharts information Gorin. I suggest you compile the code kindly provided above by Virtuesoft and observe what happens on a chart. You will see that the channel correctly contains the price action, which it must do by definition. However, as time moves forward if price "breaks" a channel line then the channel moves to show the new support or resistance levels created by the price movement. It is these breaks that are of interest to the trader. All price action however, will always be contained within the channel.

DrPeter
23 Aug 2013, 07:26

RE:

kricka said:

Hi DrPeter,

some kind of news implementation is needed as a standard within the Spotware platforms. This should not be left to the brokers to decide what kind of news service that will be delivered. It can be a second choice and a option for us traders but a standard news service should be delivered within the platforms from Spotware.

Hi Kricka,

Yes, I agree, broker independent is appropriate. I think it is important to improve on the approach to news delivery that MT4 offers too. Having it buried in a tab within the terminal window is pretty useless. A small window that can be placed within view and moved if necessary is the way to go, along with the features I've mentioned above.

There appears to be no shortage of news feeds that could be pulled into the tool. The one from Pipware uses the news feed from ForexFactory and it is quite satisfactory.

DrPeter
22 Aug 2013, 12:33

That's the real deal

Yes indeed, that's how it should be done. Many thanks Virtuesoft,
 

DrPeter
22 Aug 2013, 07:35

Spelling

By the way, it is a Donchian Channel, not a Dochian Channel as you have it labeled in cTrader.

And what's with the middle line? It should not have a middle line.