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Chuck, I don't know much about Donchian "Channels", but following is 'cut &
paste' from Advanced Get help. I don't know the formula, program just plot
it.
General Description:
Donchian Channels plot the highest high and lowest low over the last X time
intervals. The channels are generally used to indicate support and
resistance levels based on 20-day high and low levels. Many commodity
trading funds keep a close eye on 20-day levels and buy a breakout above, or
sell a break down below these levels. The simple method is to buy a breakout
above a 20-day high and sell short a breakdown below a 20-day low.
----- Original Message -----
From: <CRLeBeau@xxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, October 17, 2000 7:06 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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