The Donchian Channel indicator is used to identify price breakouts above or below recent price history. The indicator plots recent high and low price boundaries. Any time the current price breaks above or below that boundary a trading opportunity may exist.
The Donchian Channel strategy was made famous by the Turtle Traders during the 1980’s.
This indicator was developed on FXCodebase*.
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.
This Indicator is only compatible with FXCM Trading Station Desktop software. Additionally, an FXCM account is required (including free FXCM demo accounts).
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