Keeping in mind of getting full potential of Donchian Channels, As part of this script, Linear Regression is used as primary source to identify trend and execute the trades.
Hull Moving Average given as alternative option in place of Linear regression.
Linear regression used to identify trend, trade setup, and stop. Based on...
It is a long only strategy.
1. Buy when price breaks out of the upper band.
2. Exit has two options. Option 1 allows you to exit using lower band. Option 2 allows you to exit using basis line.
3. Slippage and commissions are not considered in the return calculation.
Today we have a simple, but endlessly versatile, indicator that plots the X Period High/Low/Mid of your chosen market.
Traditionally the 52 week High/Low is used as a breakout signal. However, by changing to an X period, and adding a midway line, we create a more versatile indicator that can be tailored to various markets.
By default it's set at 250 periods...
This is an extension to Donchian Channel - Pivot High Low indicator. Creating new version as the new type added isn't related to pivot high/low.
New type added is based on moving average. Instead of using highest and lowest of n bars, here, we are using lowest and highest of moving average of highs and lows for n bars.
Previous version of Donchian channel pivot...
RSI Donchian Channels
Built by Ricardo and JR
Here is a great indicator to use for strong trends. Donchian Channels react immediately to changes in the highest high and lowest low. For strong trends you want to trade when RSI is set along the upper or lower DC-RSI envelope. When the RSI releases from the DC-RSI envelope, you can take the trade off.
There is a lot of indicators similar to this one, however i think this one don't share the same calculation method and this is why i share it. This indicator aim to forecast price direction using an exponential filter architecture using highest and lowest information for the estimation of a smoothing variable. This filter is similar to the average...
***This Indicator was created by user Request to Add Alerts Capabilities for Donchian Channels.
***Alerts Work - Ability To Create Alerts From Main Indicator.
***Can Also Be Used In Conjunction with Upper Indicator - CM_Donchian Channels Modified_V2 With Alert Capability
***Added Ability To Turn On/Off Highlight Bars.
***Added Ability to Turn...
This study is based on the Donchian Channel. The idea is to show where the price is located referred to its recent highest and lowest values.
Donchian channel only displays one channel with two bands. This variation displays four bands. When the price is in the uppermost band it is bullish, when the price is in the lowest band it is bearish.
When the price is...
This is a simple Day Trade indicator, but can be used for swing and long term trades.
It is based on Donchian Channels to detect trend and point out resistance or support breakouts using arrows.
The bars ared colored when a breakout occurs. When a resistance breakout occurs the current and the next bars are colored green (default) and when a support breakout...
This model has Donchian channel support and resistance levels
if you want to buy and sell according to it then you need to activate the HIGH (resistance =sell) , LOW= support =buy
as you can make signal once they occur
It has MTF so you can see it in different time frame on your graph
This is an experimental study designed to analyze trend intensity using two Donchian Channels.
The DCTI curve is calculated by comparing the differences between Donchian highs and lows over a major an minor period, and expressing them as a positive and negative percentage.
The curve is then smoothed with an exponential moving average to provide a signal...
This is the Donchian Channel expressed with a percentage cloud. Default 12.5% of the range will be filled at each edge, this helps to show reversal possibilities as price returns to the area between the clouds. This offers a usage to essentially fade the turtle trader system. That system is loosely based on the playing of the breakouts of the the channel... as...
Donchian Channels help identify ranges as they emerge on charts. Unlike Bollinger Bands, which use volatility, Donchian Channels simply track the highest high over the preceding N periods. (In green above.) The lowest low over the period is also plotted (in red), along with their midpoint.
Donchian Channels can highlight ranges occurring over various time...