Q&A Thread: Donchian Channel
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@Sumit Badwani said in Q&A Thread: Donchian Channel:
No, it will be around 50 wk high as it would consider trading days only excluding holidays
Bullish is over upper band and bearish below lower band
3.yes, as we are using in DON 28 brick high -
Donchian channel and Bollinger band seems to be similar? Is there any gross difference between the two. Please enlighten.
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Ans:
- Stock is making lower high and higher lows = consolidating or side ways
- Stock is consolidating or sideways
- volatility is very high
- on renko chart it will show recent 20 bricks high