Donchian's 4-Week-Rule !

Quote from EmAy:

The PriceChannel has a 20 day period (4week) but what about the upper range and the lower range ?

I use an upper range of 2 and a lower range of 2.

the signals are very clear and work really good for German indexes (Future-DAX, MDAX-Future).

can somebody confirm that ?

which upper/lower-levels do u guys use ?
More...


hi, are you from German, welcome to the site, you can use the search button (top right corner) to look for what you want, a quick search on donchian leaded to this post, you may want to search for member breakout for more posts
http://elitetrader.com/vb/forumdisplay.php?s=&forumid=25
tip: click on quote to reply to a post and click on check spelling button to check you spelling
 
based on your picture it is not a Donchian channel.


The Formula for Donchian

Upper Band = MAX(HI, n)
Lower Band = MIN(LO, n)
Middle Band = (Upper Band + Lower Band) / 2

If price doesn't make higher high or lower low one side of the channel will stay flat, which is not the case on your pics.
 
here u go another natural born supertrader that at the first yr of his career can already almost double his acct...and we are not talkin' about 3k bucks, half a million dollars off the bat.

he gotta be tradin' fx, innit.
 
You must log in or register to reply here.
Back
Top