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Code: me.
Idea: Richard Davoud Donchian --> Learn more about Donchian Channels
The Donchian Channel is a popular trading tool that helps traders identify potential breakouts and reversals. The upper line represents the highest high over the last n bars, while the lower line indicates the lowest low over the same number of bars. This creates a channel that can guide your trading decisions.
While I’ve tested this indicator, it’s important to use it with caution. Every trader has their own style, and what works for one may not work for another. Feel free to tweak it to fit your strategy, and remember, trading always involves risk!
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