Donchian Channel Trend Intensity [DW]
This is an experimental study designed to analyze trend intensity using two Donchian Channels.
The DCTI curve is calculated by comparing the differences between Donchian highs and lows over a major an minor period, and expressing them as a positive and negative percentage.
The curve is then smoothed with an exponential moving average to provide a signal line.
Custom bar colors included with two coloring methods to choose from.
The DCTI curve is calculated by comparing the differences between Donchian highs and lows over a major an minor period, and expressing them as a positive and negative percentage.
The curve is then smoothed with an exponential moving average to provide a signal line.
Custom bar colors included with two coloring methods to choose from.
Versionsinformation:
Updates:
Cleaned up the code. Condensed the operations into a function.
Bar color selection is now an easy to use dropdown menu.
Cleaned up the code. Condensed the operations into a function.
Bar color selection is now an easy to use dropdown menu.
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wallanalytics.com/
Reach out on Telegram:
t.me/DonovanWall