Donchian Channel Indicator Secrets You Can Use Today

[@Netpicks1]

Do you trade breakouts and if so, ever caught a major trend?

[@hardwaybets]

Consise and clear trading instructions. Perfectly perfect! You earned a like and a follow. Pretty easy set it and forget it strategy.

[@Netpicks1]

Awesome, thank you!

[@juancortez4726]

Thank you!! Always learn something essential with your videos! Thank you!

[@darrenbully7665]

That adx and strategy is firee🔥🔥

[@priyadarshanmacwan4042]

This is the wonderful indicator for intraday trading 👌 👌 👌 ❤

[@tradingjourni]

Awesome video. Relating DC with other indicator

[@Netpicks1]

Glad you liked it!

[@darinhollis1269]

Can the donchian channel be used to effectively trade currencies (forex)?

[@Netpicks1]

As part of a complete strategy, for sure. First step is to decide whether you will trade breakouts of the channel or failures. Then, build your strategy around that.

[@darinhollis1269]

👍🏿

[@BrownDogIsInTheHouse]

This is a great video. Do you have any backtesting results on any market using any of the strategies that you described? Thank you

[@Netpicks1]

You won't find many who will share their own backtesting with you. It is time consuming plus the results they got would not necessarily be the same as yours.

[@73lube]

@@Netpicks1 Exactly right

[@1313akash]

This is a really good video, subscribed :)

[@sandroriegert1774]

Hello there. Wanted to work on this strategy, but could not find te same ADX indicator that you have. The ones I find are complicated to understand, and have no bars. Do you think you can share it here ? Thank you

[@Netpicks1]

It's a standard indicator with the DMI lines turned off and the line changed to a histogram. I am using Tradingview.

[@sandroriegert1774]

@@Netpicks1 ok thank you for the answer. I'm using mt4, not tradingview. Kinda hard to find the indicator like this

[@Netpicks1]

@@sandroriegert1774 You could chart it in Tradingview and place trades through MT4

[@SathishKumar-qs6hw]

Thank you so much

[@pklaskar]

Please clarify 10 or 20 period middle moving average to be removed. Thanks !!

[@Netpicks1]

When using the 10 channel for exits, remove the middle line since we are only looking for high/low breaks for exits.

[@priyadarshanmacwan4042]

Donchian Channel is the Godfather indicator

[@priyadarshanmacwan4042]

I use this Donchian Channel along with , Hul moving average 24 DMA, Ichhimoko cloud, ADX and Stochastic RSI

[@akshaykachwaha30]

Mind-blowing 😅😂

[@Skandawin78]

I don;t get what you call as break out @5:03 . Is it when the price just hits the upper band of Donchian Channel? Also how do you say it's a 20 day breakout?

[@Netpicks1]

At number 3...you can see how that candle has pushed the channel higher than the previous candle. It's the highest in the last 20 days. Breakouts with Donchians are not the same as you would see with Bollinger Bands or Keltner.

[@Skandawin78]

@@Netpicks1 thanks for the quick response 🙏

[@Netpicks1]

@@Skandawin78 My pleasure. Hope it helped.

[@Skandawin78]

@@Netpicks1 yes it did

[@raymondbaloyi1318]

Thank you.

[@kenproctor6517]

TOS code ... Input Length = 60; Plot UpperBand = Highest(high[1], Length); Plot LowerBand = Lowest(low[1], Length); Plot MiddleBand = (UpperBand + LowerBand) / 2; UpperBand.SetDefaultColor(Color.Green); LowerBand.SetDefaultColor(Color.Red); MiddleBand.SetDefaultColor(Color.Cyan);

[@albertovelez2485]

What is the period for ADX? 14 or 25?

[@Netpicks1]

14. The 25 you see on the chart is the horizontal line level

[@thomaswessel7600]

This is nice.

[@arathaemaxus5250]

Hmmm why am I thinking of turtles all of a sudden?