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A price channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity. [1] Channels may be horizontal, ascending or descending. When prices pass through and stay through a trendline representing support or resistance , the trend is said to be broken and there is a "breakout".
The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates, a lot the Donchian channel will be wider. Its primary use, however, is for providing signals for long and short positions.
The Donchian channel indicator may identify certain price breakouts in relation to its trading pattern, which allows it to produce trading signals. Additionally, such price channel can identify trends, highs and lows in the market, levels of support and resistance, market volatility, and breakouts.
Later, Justin-Niall Swart employed a Donchian channel-based trend-following trading method for portfolio optimization in his South African futures market analysis. [18] The early form of an Automated Trading System, composed of software based on algorithms, that have historically been used by financial managers and brokers.
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The current prime rate is 8.5 percent, but that doesn’t mean that people with prime credit should expect to only pay 8.5 percent APR on their credit cards. Credit card issuers determine interest ...
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Lastly, "marking the area between those values on a chart", while sensible when one knows a little about the usage of a Donchian channel, is completely irrelevant to those who have no prior knowledge of the topic. The process described could be done perfectly well without doodling on a chart. Does the chart contain data from recent days?