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Mastering the Donchian Channel Cloud Indicator for MT5

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If you're looking to sharpen your trading strategy, the Donchian Channel Indicator is a fantastic tool to consider. This version not only shows the channel but also fills it with color, creating a cloud effect. It even displays the latest price values as labels, making it easier for you to interpret market movements at a glance.

One of the standout features of this indicator is its ability to round channel levels to a specific number of digits. This can be particularly handy for those of us who like to keep our price levels neat and tidy. You can adjust the number of digits to round in the Digit input:

input uint Digit=3; //Number of digits to round to

Fig.1. DonchianChannelsCloud_Digit_Grid

Fig.1. DonchianChannelsCloud_Digit_Grid

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