Indicators: Channel N Bars
The correct name for this type of indicator is Donchian Channel, originally developed by Richard Donchian.
The Donchian channel is an indicator used in market trading developed by Richard Donchian. It is formed by taking the highest high and the lowest low of the last n periods. The area between the high and the low is the channel for the period chosen.
Hi! thank you for sharing!
Can you build a channel at the following prices: 'Lowest' at the minimum of 'Close', and 'Highest' at the maximum of 'Close' ?
Thank so much!
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Channel N Bars:
Channel of 'N' bars at 'Low' and 'High' prices
Author: Vladimir Karputov