VR Donchian - a classic indicator of the Donchian channel built on the tops of local maxima and minima, developed by Richard Donchian, is a variation of the rule of breakdown of the trading interval
This indicator is considered one of the most effective tools for determining a trend or a flat, as well as a general current trend in the market. The indicator works according to the main classic rules for determining the trend.
Trend determination rule:
If the new local maximum is...