Predicting Donchian Channel
The Predicting Donchian Channel indicator allows predicting the future changes in the levels of the Donchian channel based on the channel position of the price.
The standard ZigZag indicator starts drawing its ray in 99% of the time the opposite Donchian channel is touched.
The forecast of the channel boundary levels will help in finding the points, where the correction ends or the trend changes, an also to estimate how soon those events can occur.
- Period - Donchian channel calculation period. Recommended values are from 12 to 240.