Forex Code

Follow Donchian Trends with MT5 – Forex Trading Success

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The Donchian Trend MT5 forex indicator is a great tool for enabling traders to accurately assess the trend direction of both long-term and short-term price action. This indicator is combining both the Donchian channels and its built-in averaging system to accurately measure whether a market is in a bullish, bearish, or sideways trend. By plotting the averages of the high and low of the preceding time period, traders can have a better understanding of where any market price currently sits relative to its price action over the chosen time period. This makes the Donchian Trend MT5 forex indicator a great tool for identifying breakouts, reversals, and trend continuation opportunities.