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My understanding is that it is a channel formed by the highest high and
lowest low in the last 20 days (traditionally). The MetaStock code
would be:
Periods:= Input("Enter number of periods", 20, 60, 20);
UpperChannelLine:= Ref(HHV(HIGH, Periods), -1);
LowerChannelLine:= Ref(LLV(LOW, Periods), -1);
UpperChannelLine; LowerChannelLine
Does that contradict your understanding of Donchian's work?
----- Original Message -----
From: <CRLeBeau@xxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, October 17, 2000 4:06 PM
Subject: Donchian Channels - need definition
> I seem to recall seeing some references recently to Donchian "Channels".
> Although I am familiar with most of Donchian's work, I don't recall the term
> channels being used to describe it. Could anyone enlighten me as to exactly
> what a Donchian Channel is?
>
> Many Thanks.
>
> Chuck Le Beau
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