Noro's Donchian Strategy by ROBO_Trading

The strategy uses Donchian price channel . The channel is shown in blue lines. All other lines use Donchian channel too. The red line is the center line between the channel lines. The lime line is a few percent further away. The percentage is set by the user in the strategy settings.

Lines

Blue line - to open position using market stop order
Lime line - take-profit (limit order)
Red line - stop-loss (market stop order, trailing-stop)

For

- BTC /USD, XBT/USD, ETH/USD (need USD)
- timeframe: 1h or 4h

Release Notes:

Lots for long and short + label

Release Notes:

+fix and none

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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