Classic Donchian-channel with Fibonacci retracement levels.
Two classic tools in one!
- Donchian_Period (Donchian-channel period)
- Ignore_Candle_Wicks (Set it to true if you want to use only candle bodies instead of candle wicks)
- Show_Prices (Displays the price values of Fibonacci levels)
Other DonForex tools can be found on the MetaTrader 4 Market.
MT4 Indicator Download – Instructions
DonForex DonchianFibo is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
DonForex DonchianFibo provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install DonForex DonchianFibo.mq4?
- Download DonForex DonchianFibo.mq4
- Copy DonForex DonchianFibo.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on DonForex DonchianFibo.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator DonForex DonchianFibo.mq4 is available on your Chart
How to remove DonForex DonchianFibo.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
MT4 Indicators Download below: