Donchian's 4-Week-Rule !

Discussion in 'Strategy Building' started by EmAy, Aug 9, 2006.

  1. nkhoi

    nkhoi


    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
     
    #11     Aug 19, 2006
  2. balda

    balda

    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.
     
    #12     Aug 19, 2006
  3. nkhoi

    nkhoi

    good eyes, as matter of fact it say 'price channel' right there.
     
    #13     Aug 19, 2006
  4. 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.
     
    #14     Aug 19, 2006