Donchain trend following system with overbought/ oversold areas inspired by stochastic. Multiplier to get non repainting HTF capability. features a smoothed price as well as moving average of the smoothed price, also inspired by the stochastic indicators %K and %D. This and slow stochastics compliment each other nicely.
%D line colored by direction.
Filled color areas represent overbought/oversold. Shows breakouts as well as giving targets and entries in rangebound markets.
I am scalper and use 1 m TF, these parametre of script must ı change? or these parameters works every period ? because ı think these works every TF :)