Watch the testing video here:
Donchian Channel with EMA Indicator
Introduction to the Donchian Channel with EMA Indicator
The Donchian Channel with EMA is a trend-following indicator containing, as the name suggests, Donchian Channel and Exponential Moving Average.
The bands of the Donchian Channel can be used to identify the trend, breakout, and volatility of the market and are calculated on high and low of the past market data.
The Exponential Moving Average works as a trend direction filter.
When combining these two tools, traders can catch major moves in the trending markets.
It fits all kinds of timeframes and currency pairs.
The indicator is displayed directly on the main trading chart.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
Share this on: