|
PureBytes Links
Trading Reference Links
|
You can get same result in plotting MSK standard function "Price Channel" or
in an expert :
pricechannelhigh(periods) for top channel line.
pricechannellow(periods) for bottom channel line.
This plots highest high and lower low over specified periods.
Gerard
----- Original Message -----
From: "Glen Wallace" <gcwallace@xxxxxxxx>
To: "MetaStock listserver" <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, October 18, 2000 1:40 AM
Subject: Re: Donchian Channels - need definition
> 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
>
>
>
|