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Donchian Channel - Pivot High-Low

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Combining Pivot High Low and Donchian Channel - both of which are useful indicators for trend following.

Donchian Channel shows highest and lowest prices for X number of bars.
Pivot High-Low identifies when price made new Highs and Lows

Applying Donchian Channel on Pivot High-Low channel, we are plotting highest and lowest pivots formed in X bars.

In this indicator, we have 3 options for Channel Base:

  • Price : This is regular Donchian channel based on High-Low Price
  • Pivots : This is Donchian channel based on pivot points.
  • Combined : Combines both. Takes highest of Price and Pivots for plotting high, lowest of Price and Pivots for plotting low
Nota Keluaran
Added pivot L and R option

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.