CDonchian class
Info
The CDonchian class is a Library for MetaTrader 5 that uses the idea of the. The class is optimized by speed, i.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Libraries folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use CDonchian class
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
Uses the idea of the.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Library works on MetaTrader 5. Place the file in the MQL5/Libraries folder and restart the terminal.
Description & Settings
Related: Class Calc Frac - Number of bars before and after the current High / Low (calculated fractal) - another powerful library for MetaTrader 5 traders.
Also recommended: The CG V class for working with global variables - similar library with strong performance on MetaTrader 5.
Uses the idea of the .The class is optimized by speed, i. e. instead of 2 for loops, 1 while loop is executed.
The class sample requires the following:
Fill in the arrays: double in_masH[], double in_masL[];
Set variable values: int in_period (number of bars in the period), int in_size (size of arrays);
Perform the procedure ini() to initialize the arrays;
Perform the procedure void main(), which forms 2 arrays (channels): double out_massH[],double out_massL[],
An example of class use is available in the indicator Donchian.mq5
You may also like: CIni File class - excellent alternative for library users on MetaTrader 5.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.