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Donchian Channels Rate this Topic:
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jamarks
Posted : Friday, July 28, 2017 9:55:38 PM
Registered User
Joined: 11/17/2005
Posts: 6

Is it possible to include Donchian Channels on a Version 7 chart?  Thanks!

Bruce_L
Posted : Monday, July 31, 2017 9:33:12 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Yes, there a a couple of options. You could add separate Custom Indicators with Plot using price scale checked for the top channel, bottom channel, and even the centerline if you wanted. The Formula setting for each of these indicators is given below.

Top Channel:

MAXH20.1

Bottom Channel:

MINL20.1

Centerline:

(MAXH20.1 + MINL20.1) / 2

Note that the above is for a 20 period Donchian Channel with a 1 period offset, but you can change both of those values in the formulas given a above.

You could also use a Custom Price Channel Indicator instead.

Indicator Line Formula:

(MAXH20.1 + MINL20.1) / 2

Channel Width Formula:

(MAXH20.1 - MINL20.1) / 2

This is again for a 20 period Donchian Channel with an Offset of 1, but you can change this as desired.



-Bruce
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Robtest1
Posted : Monday, June 18, 2018 6:27:21 PM
Gold Customer Gold Customer

Joined: 9/12/2017
Posts: 10

Hi Bruce,

 

I would like to program:

Donchian channel high ( 12 periods ) was moving down and has reversed up in the last 20 days.

Can you help  me ?

 

Thank you,

 

Kind regards Rob

Bruce_L
Posted : Tuesday, June 19, 2018 9:29:43 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Please try the following.

TrueInRow(NOT(MAXH12.1 > MAXH12.2), 20) < SinceTrue(MAXH12.1 < MAXH12.2, 20)



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Robtest1
Posted : Tuesday, June 19, 2018 5:05:25 PM
Gold Customer Gold Customer

Joined: 9/12/2017
Posts: 10

perfect Bruce !

Thank you !

Bruce_L
Posted : Wednesday, June 20, 2018 8:20:54 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You're welcome.



-Bruce
Personal Criteria Formulas
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