kriswaters

Donchian Channels Strategy by KrisWaters

Doncian Channels is a trend tracking indicator developed by Richard Doncian. The upper line of the channel is determined by the highest value seen by the price in the defined period, the lower line of the channel is determined by the lowest value seen by the price in the defined period. The middle line takes the average value of the lower and upper channels.

Strategy Settings:
- Can apply only LONG positions.
- Can apply only SHORT positions.
- Use LONG/SHORT both.
- You can use ATR as a second exit condition. If ATR stop disabled, Donchian upper or lower channel value is use for the exit rule to long and short positions.

Strategy can be able to optimize by changing channel lengths and timeframe.


Check out my invite-only indicator list:
https://medium.com/signalcave

Pine Script Job Proposals:
https://t.me/kriswaters
https://twitter.com/mrkriswaters

PineMyths:
https://medium.com/pinemyths
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