the name : MS11 - Donchian Channels

Originally Posted by: MuratErdogan

I found it

thanks 

murat 

Hi,

The basic general formula is as follows:

X:=HHV(H,20);
Y:=LLV(L,20);
Ref(X,-1);
Ref(Y,-1);
Mov(((X+Y)/2),20,S);

You could substitute the HHV of 20 and LLV of 20 with 7, and the MOV periods of 20 with 2. This are also some suggested interpretation inside the indicator. I'm not sure if this formula was just inadvertently protected as part of keeping all the MS11 ones protected, but this formula is basically open.

{The direction of the channel is important. If it is pointing down, trade from the short side, selling on rallies to the upper side of the channel or to the mid-point line and buying back on a return to the lower boundary. If the channel is moving up, trade from the long side, buying on dips to the lower side of the channel or to the mid-point line and selling on a return to the upper boundary. Donchian Channel with boundaries formed by 2-day high and low closes for June S&P 500 e-mini futures.}

There was also a System Test created here:

http://traders.com/documentation/feedbk_docs/2014/02/traderstips.html#item4

Edited by user Monday, October 29, 2018 3:58:02 PM(UTC)  | Reason: Not specified