Donchian Channels

The Donchian Channels indicator measure volatility. It is a banded indicator similar to Bollinger Bands and Keltner Channels. This indicator determines oversold and overbought market conditions to generate trade signals. Oversold conditions are determined when a candle hits or breaks through the bottom band, whereas overbought conditions are determined when a candle hits or breaks through the top band.

Tip: Use during sideways markets with reversed signals or to confirm trends.

Interface

Supported license & Trade types

Supported License

Supported Trade Types

Spot trading

Margin trading

Advanced license

Leverage trading

General Settings

  • Exchange Website to monitor

  • Currency Pair to monitor for trade signals

  • Update Speed

  • Trade Signals

Tip: The exchange doesn't have to be the same exchange you are currently trading on.

Indicator Settings

  • Length

    • Number of candles (or time periods) before an action is taken.

Usage

It is recommended to use this indicator during sideways markets to catch the dips and rises and maximize your profit.