OPEN-SOURCE SCRIPT
Donchian Screener
█ OVERVIEW
This is a screener script for the Donchian Channel indicator. It's an excellent indicator for trend following, a trading strategy which tries to take advantage of long, medium or short-term moves that seem to play out in various markets.
█ DESCRIPTION
The screener works by scanning through up to 10 symbols and list down symbols that are currently breaking through the upper or lower band as definied by the Donchian Channels, at which point the market signals the start of a bullish or bearish trend.
█ HOW TO USE
After adding the indicator, open the script settings and type the symbol name and length to be used on the Donchian Channels for each stock.
█ PARAMETERS
- Use High/Low Price Breakouts: check this box if you want to use price high/low instead of price close to identify breakouts
- Panel Position: choose whether you want to position the panel on the top, middle or bottom right side of the graph (default is top)
- Default Timeframe: what timeframe to use on the screener (default is daily)
- Ticker: the ticker name you want to monitor
- Length: length parameter used on Donchian Channel indicator
█ FEATURES
The screener can scan up to 10 symbols each time.
█ LIMITATIONS
The screener will scan the symbols breaking out bands on the current bar, and as such, there maybe some delays depending on the stock/ etf /crypto you choose. Some exchanges require an additional subscription to get realtime data.
This is a screener script for the Donchian Channel indicator. It's an excellent indicator for trend following, a trading strategy which tries to take advantage of long, medium or short-term moves that seem to play out in various markets.
█ DESCRIPTION
The screener works by scanning through up to 10 symbols and list down symbols that are currently breaking through the upper or lower band as definied by the Donchian Channels, at which point the market signals the start of a bullish or bearish trend.
█ HOW TO USE
After adding the indicator, open the script settings and type the symbol name and length to be used on the Donchian Channels for each stock.
█ PARAMETERS
- Use High/Low Price Breakouts: check this box if you want to use price high/low instead of price close to identify breakouts
- Panel Position: choose whether you want to position the panel on the top, middle or bottom right side of the graph (default is top)
- Default Timeframe: what timeframe to use on the screener (default is daily)
- Ticker: the ticker name you want to monitor
- Length: length parameter used on Donchian Channel indicator
█ FEATURES
The screener can scan up to 10 symbols each time.
█ LIMITATIONS
The screener will scan the symbols breaking out bands on the current bar, and as such, there maybe some delays depending on the stock/ etf /crypto you choose. Some exchanges require an additional subscription to get realtime data.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.