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.
*** ***
Bollinger Bands (BB) usually expand quickly after a volatility increase but contract more slowly as volatility declines. This extended time it takes for BB to contract after a volatility drop can make trading some instruments using BB alone difficult or less profitable.
In the October 1998 issue of "Futures" there is an article written by Dennis...
![LTCUSD: [RS][JR]RSI Donchian Channels](https://s3.tradingview.com/0/0AKsoDdE_mid.png "[RS][JR]RSI Donchian Channels")
![BTCUSD: DEnvelope [Better Bollinger Bands]](https://s3.tradingview.com/d/dK1uhbN8_mid.png "DEnvelope [Better Bollinger Bands]")
