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Donchian channel with support and resistance zones on EUR/USD. The Donchian channel is an indicator used in market trading developed by Richard Donchian. [1] It is formed by taking the highest high and the lowest low of the last n periods. The area between the high and the low is the channel for the period chosen. [2]
Richard Davoud Donchian (September 1905 – April 24, 1993 [1]) was an American commodities and futures trader, and a pioneer in the field of managed futures. The first publicly managed futures fund, Futures, Inc., was started by Donchian in 1949.
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".
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.
S&P 500 with 20-day, two-standard-deviation Bollinger Bands, %b and bandwidth. Bollinger Bands (/ ˈ b ɒ l ɪ n dʒ ər /) are a type of statistical chart characterizing the prices and volatility over time of a financial instrument or commodity, using a formulaic method propounded by John Bollinger in the 1980s.
An example of the detrended price oscillator in cTrader trading platform. The detrended price oscillator (DPO) is an indicator in technical analysis that attempts to eliminate the long-term trends in prices by using a displaced moving average so it does not react to the most current price action.
Ichimoku trading system example in the forex market for NZDCAD pair. Ichimoku Kinko Hyo (IKH) (Japanese: 一目均衡表, Hepburn: Ichimoku Kinkō Hyō), usually shortened to "Ichimoku", is a technical analysis method that builds on candlestick charting to improve the accuracy of forecast price moves.
Keltner channel is a technical analysis indicator showing a central moving average line plus channel lines at a distance above and below. The indicator is named after Chester W. Keltner (1909–1998) who described it in his 1960 book How To Make Money in Commodities .