Donchian Channel Trend Intensity [DW]

7 ม.ค. 2018

This is an experimental study designed to analyze trend intensity using two Donchian Channels.
The DCTI curve is calculated by comparing the differences between Donchian highs and lows over a major an minor period, and expressing them as a positive and negative percentage.
The curve is then smoothed with an exponential moving average to provide a signal line.

Custom bar colors included with two coloring methods to choose from.

13 ม.ค. 2019

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Updates:

Cleaned up the code. Condensed the operations into a function.

Bar color selection is now an easy to use dropdown menu.