Donchian indicator is based on HH,LL (higher high,lower low) of given period.I use it to trade in trend following system in combination with some other indicators when price brakes lower or upper band.

Parameters

Period (a = 20)

Upper = HIGHEST[a](HIGH[1])
Lower = LOWEST[a](LOW[1])
Middle = (Upper + Lower) / 2

RETURN upper AS"uper", lower AS"lower", middle AS"middle"

Download

Filename: Donchian.itf

Downloads: 243

lolo New

Currently debugging life, so my bio is on hold. Check back after the next commit for an update.

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