This indicator plots Donchian Channel boundary lines along with dynamic fan projections directly on the price chart. It calculates the highest high, lowest low, and median price over a customizable lookback period. Whenever price establishes a new channel high
Indicator · Pine Script v5 · On the chart
Donchian Trend Ranges [AlgoAlpha]
This overlay indicator builds trend ranges from a Donchian midpoint.
GitHub stars29on the repository
Pine versionv5runs as is
Lines of code90
Settings2inputs
LicenceCustom licence
Last update11 months ago24 Nov 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Donchian Trend Ranges [AlgoAlpha] takes the highest high and lowest low over a user length, averages them, and holds that basis until the midpoint changes. When the basis updates, it sets a range from the close standard deviation scaled by a multiplier, then offsets the basis and both range edges by a fixed 14-period ATR. The published plots, fills, bar colors, and alerts are commented out, so the script calculates these levels without drawing them.
- Donchian highest-high and lowest-low basis
- Sticky basis until the midpoint changes
- Close standard deviation range multiplier
- ATR offsets around basis and range edges
- Commented plots, fills, and alerts
Details
Published by
nersent on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Volatility & bands, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
backtestindicatorjavascriptpandas-tapinescriptpythontata-libtradingviewvectorized
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| length | int | 50 | length |
| Range Multiplier | float | 3 | mult |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
Similar Pine Scripts
Dynamic Linear Regression calculates and plots linear regression trendlines and standard deviation channels directly on the price chart over a user-selected time period. Traders can configure static channels locked at the end time, dynamic channels that contin
This indicator overlays trend-following Supertrend bands on the price chart using Average True Range calculations. It plots trailing stop lines, highlights active trend directions, and prints buy or sell shape labels when price closes across band thresholds. I
Calculates an ATR-based trailing stop overlaid on the price chart to assist with trend identification and stop placement. Using a specified ATR period and multiplier, it projects upper and lower bounds around the closing price. The stop line ratchets up during
Moon Dev Lunar Sniper is a multi-indicator overlay that scores confluence across fast and slow EMAs, RSI, MACD, DMI, and BB width to fire signals only when score meets the minimum threshold. It plots buy and sell signals on the price chart, highlights cosmic b
This overlay indicator plots a SuperTrend line on the price chart using a fixed ATR length of 10 and a factor of 3. When the trend direction is up it draws a green line and a light green fill toward the candle midpoint; when down it draws a red line and a ligh
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers