Brooky-Indicators have developed the Donchian Channel with Fibbed Levels and Alerts. I would like to enhance this innovative concept of the Donchian Channel to take in the capability to place extra Levels internal or external of the calculated range. As a result, it would be great indicator that can run after any moving average cross strategy or such like so that you have present Levels to aspire toward or put stops at.
Additionally, I want to adjust it to shrink or enlarge the range of the similar period. If for the similar period it is put for 96 bars, and if you choice the indicator to calculate at a reduction of 62%, you will be accessible with a strongly ranged set of breakthrough support and resistance lines. You will find other options there to show range based on close not high low and this reveals another attractive set of levels.
This type of indicator works really well for swing trading to observe lower highs/higher lows etc. Thank You to visit our site!
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