Donchian Channel

donchian

Function Name: donchian

Tags: None

Category: Price

A simple Price Channel of the Highest High of Last x Periods and Lowest Low of Last x Periods. In addition the median of the upper and lower channel is plotted.

 

Author:   Richard Davoud Donchian

Link:       http://www.investopedia.com/terms/d/donchianchannels.asp

 

Parameters

periodHigh

 

Default Value: 20  |  Minimum: 1  |  Maximum: 9999

 

Type: Numeric

periodLow

 

Default Value: 20  |  Minimum: 1  |  Maximum: 9999

 

Type: Numeric