Donchian Channel on the Charts

Projects/Superalgos/Schemas/Docs-Topics/zeus-data-mine-002-donchian-channel-on-the-charts.json

@@ -0,0 +1,94 @@
+{
+    "topic": "Zeus Data Mine",
+    "pageNumber": "2",
+    "type": "Donchian Channel on the Charts",
+    "definition": {
+        "text": "Measure the strength and direction.",
+        "updated": 1611673550028
+    },
+    "paragraphs": [
+        {
+            "style": "Title",
+            "text": "Donchian Channel on the Charts",
+            "updated": 1611673563454
+        },
+        {
+            "style": "Text",
+            "text": "According to Investopedia “Donchian Channels are three lines generated by moving average calculations that comprise an indicator formed by upper and lower bands around a mid-range or median band. The upper band marks the highest price of a security over N periods while the lower band marks the lowest price of a security over N periods. The area between the upper and lower bands represents the Donchian Channel.”"
+        },
+        {
+            "style": "Png",
+            "text": "PNGs/Superalgos/Docs/indicators/donchian-on-the-chart.png",
+            "updated": 1611673617152
+        },
+        {
+            "style": "Text",
+            "text": "Standard parameter for the indicator:"
+        },
+        {
+            "style": "List",
+            "text": "Value for Channel Length = 20"
+        },
+        {
+            "style": "Text",
+            "text": "I made it easy to change the parameters needed for the calculation as per your needs. Locate and open the Javascript Code under Data Building Procedure -> Procedure Loop under “Donchian Channel” Product Definition."
+        },
+        {
+            "style": "Png",
+            "text": "PNGs/Superalgos/Docs/indicators/donchian-setting-parameters.png",
+            "updated": 1611673657810
+        },
+        {
+            "style": "Title",
+            "text": "Donchian Channel Products & Properties"
+        },
+        {
+            "style": "Text",
+            "text": "There are three properties available:"
+        },
+        {
+            "style": "Table",
+            "text": "| Product Name | Product Variable | Properties |\n| Donchian Channel | donchian | hiHigh, loLow, midPoint |",
+            "updated": 1611673724034
+        },
+        {
+            "style": "Text",
+            "text": "Examples:"
+        },
+        {
+            "style": "Text",
+            "text": "According to TradingSim Donchian channels are mainly used to identify a breakout enabling traders to take either long or short positions. Traders can take a long position if the stock is trading higher than the Donchian channels “n” period and book their profits/short the asset if it is trading below the DC channels “n” period."
+        },
+        {
+            "style": "Text",
+            "text": "For a full detailed explanation of the Donchian strategy have a look at:"
+        },
+        {
+            "style": "Link",
+            "text": "Kodify: Donchian Channel Breakout->kodify.net/tradingview/strategies/donchian-channel-breakout/",
+            "updated": 1611673761684
+        },
+        {
+            "style": "Link",
+            "text": "Tradingview Donchian Channels->www.tradingview.com/scripts/donchianchannels/?solution=43000502253",
+            "updated": 1611673789323
+        },
+        {
+            "style": "Text",
+            "text": "Basic strategies can be built by checking if the candle close is higher than the Donchian hiHigh:"
+        },
+        {
+            "style": "Javascript",
+            "text": "chart.at04hs.candle.close > chart.at04hs.donchian.hiHigh",
+            "updated": 1611673803647
+        },
+        {
+            "style": "Text",
+            "text": "Probably a breakout is going to happen."
+        },
+        {
+            "style": "Text",
+            "text": ""
+        }
+    ]
+}