Donchian Channel Signal

donchian_signal

Function Name: donchian_signal

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.

 

When the price goes above upper donchian level, then issue a Sell signal. When the price goes below lower donchian level, issue a Buy signal.

 

Parameters:

PeriodHigh, periodLow: Donchian channel parameters.

ShowOnlyAlternateSignals: When set to True, consecutive buy/sell signals will be omitted.

ShowDonchianChannel: Show/Hide donchian channel.

 

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

ShowOnlyAlternateSignals

 

Default Value: -1

 

Type: Boolean

ShowDonchianChannel

 

Default Value: -1

 

Type: Boolean