Introduction
Donchian Channels were created by Richard Donchian, an expert in trends.
The DON is a simple trend breakout system. The channel works well in
trending markets, but not as well in sideways moving markets.
Interpretation
When prices break above the DON Channel it is a signal to go long. When
prices break below the DON channel it is a signal to go short.
Example of Donchian Channels in Track 'n Trade Pro:
Calculation
Donchian Channel High = MAX (HI, n)
Donchian Channel Low = MAX (LO, n)
Customizing
To change the settings of this indicator, open the Program Options
screen by clicking the Program Options button located on the main
Toolbar.
See the Program Options section for more details on changing the
settings of each indicator.
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