Donchian Channel Colors free
Description
This is a simple Donchian Channel that paints the candles with colors based on the trend and channel area.
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Formula / Source Code
using System; using System.Collections.Generic; using System.Linq; using System.Text; using cAlgo.API; using cAlgo.API.Collections; using cAlgo.API.Indicators; using cAlgo.API.Internals; namespace cAlgo { [Cloud("Upper Channel", "Middle Channel", FirstColor = "Green")] [Cloud("Middle Channel", "Bottom Channel", FirstColor = "Coral")] [Indicator(AccessRights = AccessRights.None, IsOverlay = true)] public class DonchianChannelExperto : Indicator { [Parameter(DefaultValue = "Hello world!")] public string Message { get; set; } [Output("Upper Channel", LineColor = "LawnGreen")] public IndicatorDataSeries DChannel_Upper { get; set; } [Output("Middle Channel", LineColor = "Gold")] public IndicatorDataSeries DChannel_Middle { get; set; } [Output("Bottom Channel", LineColor = "Coral")] public IndicatorDataSeries DChannel_Bottom { get; set; } public DonchianChannel DChannel; protected override void Initialize() { DChannel = Indicators.DonchianChannel(20); } public override void Calculate(int index) { DChannel_Upper[index] = DChannel.Top[index]; DChannel_Middle[index] = DChannel.Middle[index]; DChannel_Bottom[index] = DChannel.Bottom[index]; if(Bars.ClosePrices[index] >= DChannel_Middle[index]) { if(Bars.ClosePrices[index] >= Bars.OpenPrices[index]) Chart.SetBarColor(index, Color.LawnGreen); else if(Bars.ClosePrices[index] < Bars.OpenPrices[index]) Chart.SetBarColor(index, Color.YellowGreen); } else if(Bars.ClosePrices[index] < DChannel_Middle[index]) { if(Bars.ClosePrices[index] <= Bars.OpenPrices[index]) Chart.SetBarColor(index, Color.Red); else if(Bars.ClosePrices[index] > Bars.OpenPrices[index]) Chart.SetBarColor(index, Color.Coral); } } } }
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