![]() ![]() The indicator gained popularity with the famous Turtle trading experiment. ![]() The Donchian channel indicator was designed by Richard Donchian. Depending on the indicator that you use, there is a small difference in the way the price bands indicator works. Other examples include the Keltner channel, Bollinger bands or moving average envelopes. There are many different types of channel indicators or price band indicators. Likewise, when the price starts to make lower lows, the lower band tends to slope lower. Thus, as price starts to make higher highs, the upper band tends to slope higher. Alerts In Real-Time When Divergences OccurĪ channel indicator comprises of two bands which are plotted above and below the price. ![]()
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