donchianLower
Donchian Channel Lower Band represents the lowest low price over a specified period. It helps identify potential support levels and breakdown points. When price breaks below this level, it may indicate a strong bearish move.
donchianLower (tick)
Donchian Channel Lower Band represents the lowest low price over a specified period. It helps identify potential support levels and breakdown points. When price breaks below this level, it may indicate a strong bearish move.
Input parameters
| Prop | Type | Default | Description |
|---|---|---|---|
minutes* | number | 20 | The lookback period in minutes |
SQL example
TICK donchianLower WITH minutes=20 < 100 THEN order SET size=100, price=51.00, transmit=truedonchianUpper
Donchian Channel Upper Band represents the highest high price over a specified period. It helps identify potential resistance levels and breakout points. When price breaks above this level, it may indicate a strong bullish move.
alligatorJaw
Alligator Jaw is the slowest moving average (13-period) with an 8-bar offset. It represents the long-term trend and is often used as a reference for major trend direction.