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20-Day Donchian Channel pcf Rate this Topic:
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laertes1a
Posted : Sunday, April 22, 2007 8:10:50 AM
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Joined: 3/11/2005
Posts: 12
 Somewhat related to the Max Range question, is there a pcf that draws Donchian channels? It would be the max price of the last 20 bars/candles and the min price of the last 20. The lines would be horizontal until a new high or low price happened. Very simple. No moving averages. I'm sure this has been done years ago. I would like to use it as a custom indicator.
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Craig_S
Posted : Sunday, April 22, 2007 8:37:51 AM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
 Check out this video, I think you will find what you need there: Plotting Custom Indicators with Examples
- Craig
Here to Help!
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laertes1a
Posted : Sunday, April 22, 2007 8:59:46 AM
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Joined: 3/11/2005
Posts: 12
 Thanks, Craig. What I have so far is two very simple custom indicators. One is simply MAXH20 and the other is MINL20, with the "plot using price scale" box checked. It seems to do what I want, but I get error messages saying Formula error, no calc.
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Michael_T
Posted : Monday, April 23, 2007 10:54:45 AM


Worden Trainer

Joined: 10/7/2004
Posts: 710
 Where are you seeing the error message? Are you updating your PCF's to your most recent data download.
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