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Donchian channel- need to tune top AND bottom Rate this Topic:
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sturner
Posted : Friday, October 4, 2013 11:53:28 AM
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Joined: 12/31/2004
Posts: 102

Hi- hopefully someone can help... I need to adjust the block diagram (I suspect) to make it so that I can tune the top of the channel differently than the bottom.  Does anyone have any suggestions on how to do this?  or is there a simpler way?

Thanks- Sam

Bruce_L
Posted : Friday, October 4, 2013 11:59:43 AM


Worden Trainer

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

Just use two Max or Min of Line indicators instead of Donochian Channels. Set Max or Min to Maximum and Element to Bar High for the upper Donchian Channel and Max or Min to Minimum and Element to Bar Low for the lower Donchian Channel. You will probably want the Offset set to 1 for both channels and can set the Period settings as desired.



-Bruce
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sturner
Posted : Friday, October 4, 2013 12:25:59 PM
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Joined: 12/31/2004
Posts: 102

perfect- and like how I can set it on the close too... thank you

 

sturner
Posted : Friday, October 4, 2013 12:30:22 PM
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Joined: 12/31/2004
Posts: 102

sorry- one last question... for some reason the "regression trendline" i put on the sp-500 is lagging now... when I looked at another ticker and came back to the sp500 is skipped back.  how can i get it back to where the regression trendline is working on the most recent period??? (strange)

 

 

Bruce_L
Posted : Friday, October 4, 2013 12:38:53 PM


Worden Trainer

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

I cannot think of a reason that the Linear Regression Trendline would skip back for SP-500 but be plotted using current data for other symbols. It does not do so on my computer. Please contact technical support.



-Bruce
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