Donchian Channel with Middle Line and Shift
This indicator will be attractive to adherents of classic Donchian Channel but its features have been extended. It draws a channel around the price as classic Donchian does. Differences include:
- Middle line of the channel is drawn;
- Can be shifted horizontally.
- periods – indicator calculation period;
- shift – horizontal shift in candles (positive shift - to the right side, negative shift - to the left side).