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 | Gets or sets the lowest low of the period. |
Middle | Property | Gets or sets the middle of the highest high and the lowest low of the period. |
Top | Property | Gets or sets 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); //... }
Example 2
using cAlgo.API; using cAlgo.API.Indicators; namespace cAlgo.Robots { /// This sample cBot shows how to use the Donchian Channel indicator [Robot(TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)] public class DonchianChannelSample : Robot { private double _volumeInUnits; private DonchianChannel _donchianChannel; [Parameter("Volume (Lots)", DefaultValue = 0.01)] public double VolumeInLots { get; set; } [Parameter("Label", DefaultValue = "Sample")] public string Label { get; set; } [Parameter("Source")] public DataSeries Source { get; set; } public Position[] BotPositions { get { return Positions.FindAll(Label); } } protected override void OnStart() { _volumeInUnits = Symbol.QuantityToVolumeInUnits(VolumeInLots); _donchianChannel = Indicators.DonchianChannel(20); } protected override void OnBar() { if (Bars.LowPrices.Last(1) <= _donchianChannel.Bottom.Last(1) && Bars.LowPrices.Last(2) > _donchianChannel.Bottom.Last(2)) { ClosePositions(TradeType.Sell); ExecuteMarketOrder(TradeType.Buy, SymbolName, _volumeInUnits, Label); } else if (Bars.HighPrices.Last(1) >= _donchianChannel.Top.Last(1) && Bars.HighPrices.Last(2) < _donchianChannel.Top.Last(2)) { ClosePositions(TradeType.Buy); ExecuteMarketOrder(TradeType.Sell, SymbolName, _volumeInUnits, Label); } } private void ClosePositions(TradeType tradeType) { foreach (var position in BotPositions) { if (position.TradeType != tradeType) continue; ClosePosition(position); } } } }