Forex Quadri Donchian MT4 Indicator

Forex Quadri Donchian MT4 Indicator:

About the Forex Quadri Donchian MT4 Indicator

Quadri Donchian, 4 donchians in one indicator :

  • This indicator allows you to see 4 donchian channels at the same time in a convenient manner, thanks to the background colors.
  • The thickness of the middle line of each donchian channel, has the value of the ATR.
  • It displays also the time left for the next candle next to the current candle, or the the number of tick if you are using an external tool for displaying tick candles.
  • It’s possible also to display the top and bottom lines of the highest/lowest close/open (IntermediateLines in parameters).

IMPORTANT : You need to put the graphic on foreground in the properties.

Test results:

Forex Quadri Donchian MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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