Free TradingView Indicator by AlgoAlpha — Trend Following
Elevate your trading game with the Donchian Trend Ranges indicator from AlgoAlpha! This advanced tool helps you visualize market trends and potential reversal points using Donchian channels, volatility measures, and average true range (ATR).
Adjust the lookback period and range multiplier to fit your trading style.
Easily distinguish between uptrends and downtrends with customizable colors.
Visualize multiple dynamic channels based on Donchian ranges and volatility.
See market strength and weakness with upper and lower trend clouds.
Get notified of potential trend shifts and take profit points.
Add the Indicator: Add the indicator to favorites. Customize settings such as the lookback period and range multiplier to match your trading needs.
Analyze Trends: The indicator calculates the highest and lowest prices over a specified period to create dynamic channels. It then uses standard deviation and ATR to adjust these channels for market volatility, plotting upper and lower ranges. Green bars indicate an up trend and red bars for a down trend.
Set Alerts: Enable notifications for bullish and bearish trend shifts, as well as weak and strong take profit points, ensuring you never miss an opportunity.
Explore other trend following TradingView indicators by AlgoAlpha.
Free on TradingView
Donchian Trend Ranges is free to use on TradingView. Add it to any chart in seconds.