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[RS][JR]RSI Donchian Channels

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.

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banddcDonchian Channels (DC)Envelope (ENV)indexTechnical IndicatorsParallel ChannelrelativeRelative Strength Index (RSI)strength

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