DonchianChannel

Reference

DonchianChannel

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);
    //...
}