OPEN-SOURCE SCRIPT
Institutional Donchian Trend Alignment System (Configurable)
Institutional Donchian Trend Alignment System
Created by JONATHAN MWENDWA
The Institutional Donchian Trend Alignment System is a professional trend-following and market-structure indicator designed to identify high-probability intraday trading opportunities using objective price action principles.
This model is built on the foundation of the classic Donchian Channel breakout concept, widely known for detecting genuine market momentum when price breaks previous highs or lows. Instead of relying on a single timeframe, the system uses multi-timeframe alignment to confirm directional bias, ensuring trades are taken only when the higher timeframe, setup timeframe, and entry timeframe are all moving in the same direction.
To improve signal quality and reduce false breakouts, the indicator incorporates liquidity sweep detection, acceptance candle confirmation, and optional volume participation filtering. These components are designed to reflect real market mechanics where price often hunts liquidity, retraces, and then continues in the dominant trend.
Risk awareness is supported through an adaptive ATR-based stop reference, which adjusts to current market volatility and helps traders manage positions more objectively.
Key Features:
• Multi-timeframe trend alignment (Bias, Setup, Entry)
• Donchian breakout-based market structure detection
• Configurable acceptance candle confirmation (default: 3)
• Optional liquidity sweep filter
• Optional volume confirmation
• Dynamic ATR stop reference levels
• Visual background showing strong trend alignment
This indicator is not intended to predict the market but to help traders participate during periods of confirmed directional strength while avoiding low-probability ranging conditions. When used with proper risk management, session awareness, and disciplined execution, it can significantly improve trade selection and overall consistency.
Designed for intraday traders across Forex, indices, commodities, and crypto markets.
Created by JONATHAN MWENDWA
Created by JONATHAN MWENDWA
The Institutional Donchian Trend Alignment System is a professional trend-following and market-structure indicator designed to identify high-probability intraday trading opportunities using objective price action principles.
This model is built on the foundation of the classic Donchian Channel breakout concept, widely known for detecting genuine market momentum when price breaks previous highs or lows. Instead of relying on a single timeframe, the system uses multi-timeframe alignment to confirm directional bias, ensuring trades are taken only when the higher timeframe, setup timeframe, and entry timeframe are all moving in the same direction.
To improve signal quality and reduce false breakouts, the indicator incorporates liquidity sweep detection, acceptance candle confirmation, and optional volume participation filtering. These components are designed to reflect real market mechanics where price often hunts liquidity, retraces, and then continues in the dominant trend.
Risk awareness is supported through an adaptive ATR-based stop reference, which adjusts to current market volatility and helps traders manage positions more objectively.
Key Features:
• Multi-timeframe trend alignment (Bias, Setup, Entry)
• Donchian breakout-based market structure detection
• Configurable acceptance candle confirmation (default: 3)
• Optional liquidity sweep filter
• Optional volume confirmation
• Dynamic ATR stop reference levels
• Visual background showing strong trend alignment
This indicator is not intended to predict the market but to help traders participate during periods of confirmed directional strength while avoiding low-probability ranging conditions. When used with proper risk management, session awareness, and disciplined execution, it can significantly improve trade selection and overall consistency.
Designed for intraday traders across Forex, indices, commodities, and crypto markets.
Created by JONATHAN MWENDWA
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.