Summary
The Donchian channel is a volatility indicator forming a channel between the highest high and the lowest low of the chosen period.
Remarks
The Donchian channel is mainly used for providing entry signals. A long is established when the price closes above the Donchian Channel. Conversely, if it closes below, then a short is established.
Syntax
public interface DonchianChannel
Members
| Name | Type | Summary |
|---|---|---|
| Bottom | Property | The lowest low of the period |
| Middle | Property | The middle of the highest high and the lowest low of the period |
| Top | Property | The highest high of the period |
Example 1
//...
private DonchianChannel donchian;
//...
protected override void OnStart()
{
donchian = Indicators.DonchianChannel(Period);
}
protected override void OnBar()
{
Print("Top Value = {0}", donchian.Top.LastValue);
Print("Middle Value = {0}", donchian.Middle.LastValue);
Print("Bottom Value = {0}", donchian.Bottom.LastValue);
//...
}