Donchian expert
- Experts
- Ebrahim Mohamed Ahmed Maiyas
- Versão: 1.1
- Atualizado: 18 dezembro 2024
- Ativações: 5
The basic strategy with the Donchian Channel is often to:
- Buy when the price breaks above the upper band (indicating a potential uptrend).
- Sell when the price breaks below the lower band (indicating a potential downtrend).
Key Parameters
- Period: The number of periods used to calculate the high and low for the bands.
- Upper Band: Highest high over the last N periods.
- Lower Band: Lowest low over the last N periods.
- Middle Band (optional): Average of the upper and lower bands.
This code will:
- Open a buy trade when the price closes above the upper band.
- Open a sell trade when the price closes below the lower band.
- Close any open trade if the price crosses to the opposite band.