Background Knowledge – Donchian Channels
background knowledge 📊 Donchian Channel: Definition, How It Works, Trading Strategies, Breakouts & Advantages The Donchian Channel is a trend-following technical indicator that helps traders identify price breakouts, market trends, support and resistance levels, and changes in volatility. Developed by legendary trader Richard Donchian, the indicator is built around a simple concept: measuring the highest high and lowest low reached…