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Donchain Channels
My understanding is that Donchian Channels are channels formed by the highest
high and lowest low in the last 20 days (traditionally). The MetaStock code for the indicator would then be:

Donchain Channels

Periods:= Input("Enter number of periods", 20, 60, 20);
UpperChannelLine:= Ref(HHV(HIGH, Periods), -1);
LowerChannelLine:= Ref(LLV(LOW, Periods), -1);
(UpperChannelLine + LowerChannelLine)/2;


from Glen Wallace
Source / From: TOP

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