Forex AY Donchian Channel Momentum System

Best simple trend momentum “Donchian Channel Momentum System” for scalping and swing trading. Richard Donchian created Donchian Channels, which is a type of moving average indicator and a look-alike of other support and resistance trading indicators like Bollinger Bands.


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  • Time Frame: M5 or higher
  • Currency Pairs: GBPUSD and EURUSD

 

MetaTrader Trading indicators
  • AY Donchian Channel
  • DHL
  • QTI
  • RSI

 

BUY Rules


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  • AY Donchian Channel: Price closed above the upper channel line
  • DHL: Lime bars
  • QTI: Lime bars
  • RSI: Above the level 55 line

 

SELL Rules

  • AY Donchian Channel: Price closed below the lower channel line
  • DHL: Red bars
  • QTI: Red bars
  • RSI: Below the level 45 line

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