The Donchian channel is a trend-following indicator.
✔It is wise to use this in conjunction with another trend indicator like ATR or simply 2 moving averages.
✔Only trade in the direction of the trend.
✔The Donchian channel measures the high and the low of a previously defined range – typically of the past 20 candles. (You can set this to any other period)
✔You can use the lower band as SL for long positions and the upper band as SL for short positions.
Link to the video, please click here
https://youtu.be/9_Wwb5S43po
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