Donchian

Category: Indicators By: lolo Created: October 12, 2015, 8:30 PM
October 12, 2015, 8:30 PM
Indicators
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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
Developer by day, aspiring writer by night. Still compiling my bio... Error 404: presentation not found.
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