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

I usually let my code do the talking, which explains why my bio is as empty as a newly created file. Bio to be initialized...

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