Donchian Channels |
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| Parameter | Default | Acceptable Values |
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Length |
20 |
1 to 1,000 |
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Offset |
0 |
-1,000 to +1,000 |
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Example |
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200 Period Donchian Channels with zero offset: 20, 0 45 Period Donchian Channels with zero offset: 45, 0 |
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Description |
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Donchian channels plot the highest and lowest prices a security has traded at during the past Length of time. The highs and lows may be offset forward or backward with the Offset function. The midpoint of the high and low may also be plotted optionally. Much like Bollinger Bands, the distance between the high and low indicates volatility. |
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ErlangerQuote Special |
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The study label, the text box that shows its current value, can be placed on either the left or the right axis. |
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