The Elite Circle - Smitty Multi Donchian Channel
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Smitty Multi Donchian Channel 5 *
This indicator plots up to 5 Donchian Channels at periods that you select.

It also draws a shaded region below the bars, which adds a nice "focusing" effect to the price action. The price will always be in the darkest part of the channel, and the higher-period channels will be less opaque.

It also includes an option to display dynamic support & resistance lines which are based on the fastest Donchian Channel values. As the line intersects with the higher Donchian channel periods, the line width will adjust and grow to indicate the possibility of a stronger move at the next line break.

Thanks to @icedfrosty for sharing his excellent work which has motivated me to share my own.

Version 1.00


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Details: Smitty Multi Donchian Channel
Category: The Elite Circle 


September 5th, 2021
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Keywords: channel donchian multi
 


 
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