diff --git a/Projects/Superalgos/PNGs/Docs/indicators/donchian-on-the-chart.png b/Projects/Superalgos/PNGs/Docs/indicators/donchian-on-the-chart.png new file mode 100644 index 000000000..e2ad93ec2 Binary files /dev/null and b/Projects/Superalgos/PNGs/Docs/indicators/donchian-on-the-chart.png differ diff --git a/Projects/Superalgos/PNGs/Docs/indicators/donchian-setting-parameters.png b/Projects/Superalgos/PNGs/Docs/indicators/donchian-setting-parameters.png new file mode 100644 index 000000000..cf0857d5d Binary files /dev/null and b/Projects/Superalgos/PNGs/Docs/indicators/donchian-setting-parameters.png differ diff --git a/Projects/Superalgos/Schemas/Docs-Topics/zeus-data-mine-002-donchian-channel-on-the-charts.json b/Projects/Superalgos/Schemas/Docs-Topics/zeus-data-mine-002-donchian-channel-on-the-charts.json new file mode 100644 index 000000000..05ade9f8d --- /dev/null +++ b/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": "" + } + ] +} \ No newline at end of file