Platform: Trading Station
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*.Download
Number of periods: Number of periods used to calculate the Donchian Channel
Show close or high/low: Select the source data used to plot the outer limits of the Donchian Channel, either close price or candlestick high/low
This Indicator is only compatible with FXCM Trading Station Desktop software. Additionally, an FXCM account is required (including free FXCM demo accounts).
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.
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