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...
Trend Intensity Index indicator script. This indicator was originally developed by M. H. Pee (06/2002 issue of Stocks and Commodities Magazine)
This study is a simple variation of M. H. Pee's Trend Intensity Index that includes two signal lines rather than one for additional trend confirmation.