donchianUpper
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.
donchianUpper (tick)
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.
Input parameters
| Prop | Type | Default | Description |
|---|---|---|---|
minutes* | number | 20 | The lookback period in minutes |
SQL example
TICK donchianUpper WITH minutes=20 > 100 THEN order SET size=100, price=51.00, transmit=truedonchianMiddle
Donchian Channel Middle Band is the average of the upper and lower bands. It helps identify the mean price level and potential support/resistance. Price crossing this level may indicate a change in trend direction.
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.