It plots the highest high and lowest low over the last period time intervals The Donchian Channel Indicator for MT4 is a very well-known technical indicator. Traders can take a long position, if the stock is trading higher than the Donchian channels “n” period and book their profits/short the stock if it is trading below the DC channels “n” period New Donchian Trend PRO is a powerful and effective tool that donchian indicator automatically detects the direction of the trend and provide you an entry and exit signals. Instead, it’s better to use it to time your entries & exits which I’ll share more in the next section… Donchian Channel Breakout: How to “catch” every trend in the market — guaranteed. Many traders regard a breakout above the upper band or below the lower band as a signal worth acting on Donchian Channel indicator was developed by Richard Donchian.

The Donchian Channel Indicator is made of three bands: Upper Band – 20-Day high is the upper band. The indicator gained popularity with the famous Turtle trading experiment. It is based on calculating the lowest low and the highest donchian indicator high market for the last nth periods. It is designed to provide you trading signals and save you hours analyzing the. The setting value is 20, which is the default. Lower Band – 20-Day low is the lower band.


" />
EnglishHungaryRomania