DonchianChannel
interface cAlgo.API.Indicators
DesktopCLICloud
The Donchian channel is a volatility indicator forming a channel between the highest high and the lowest low of the chosen period.
Definition
public interface DonchianChannel
Namespace: cAlgo.API.Indicators · Group: Indicators · Implements: StandardIndicator
Remarks
The Donchian channel is mainly used for providing entry signals. A long is established when the price closes above the Donchian Channel. Conversely, if it closes below, then a short is established.
Examples
Example 1
//...
private DonchianChannel donchian;
//...
protected override void OnStart()
{
donchian = Indicators.DonchianChannel(20);
}
protected override void OnBar()
{
Print("Top Value = {0}", donchian.Top.LastValue);
Print("Middle Value = {0}", donchian.Middle.LastValue);
Print("Bottom Value = {0}", donchian.Bottom.LastValue);
//...
}
import clr
clr.AddReference("cAlgo.API")
# Import cAlgo API types
from cAlgo.API import *
# Import trading wrapper functions
from robot_wrapper import *
class Test():
def on_start(self):
self.donchian = api.Indicators.DonchianChannel(20)
def on_bar(self):
api.Print(f"Top Value = {self.donchian.Top.LastValue}")
api.Print(f"Middle Value = {self.donchian.Middle.LastValue}")
api.Print(f"Bottom Value = {self.donchian.Bottom.LastValue}")
Example 2
using cAlgo.API;
using cAlgo.API.Indicators;
namespace cAlgo.Robots
{
// This sample cBot shows how to use the Donchian Channel indicator
public partial class DonchianChannelSample : Robot
{
private double _volumeInUnits;
private DonchianChannel _donchianChannel;
public Position[] BotPositions
{
get
{
return Positions.FindAll(Label);
}
}
protected override void OnStart()
{
_volumeInUnits = Symbol.QuantityToVolumeInUnits(VolumeInLots);
_donchianChannel = Indicators.DonchianChannel(20);
}
protected override void OnBar()
{
if (Bars.LowPrices.Last(1) <= _donchianChannel.Bottom.Last(1) && Bars.LowPrices.Last(2) > _donchianChannel.Bottom.Last(2))
{
ClosePositions(TradeType.Sell);
ExecuteMarketOrder(TradeType.Buy, SymbolName, _volumeInUnits, Label);
}
else if (Bars.HighPrices.Last(1) >= _donchianChannel.Top.Last(1) && Bars.HighPrices.Last(2) < _donchianChannel.Top.Last(2))
{
ClosePositions(TradeType.Buy);
ExecuteMarketOrder(TradeType.Sell, SymbolName, _volumeInUnits, Label);
}
}
private void ClosePositions(TradeType tradeType)
{
foreach (var position in BotPositions)
{
if (position.TradeType != tradeType) continue;
ClosePosition(position);
}
}
}
}
import clr
clr.AddReference("cAlgo.API")
# Import cAlgo API types
from cAlgo.API import *
# Import trading wrapper functions
from robot_wrapper import *
class DonchianChannelSample():
def on_start(self):
self.volumeInUnits = api.Symbol.QuantityToVolumeInUnits(api.VolumeInLots)
self.donchianChannel = api.Indicators.DonchianChannel(20)
def on_bar_closed(self):
if api.Bars.LowPrices.Last(0) <= self.donchianChannel.Bottom.Last(0) and api.Bars.LowPrices.Last(1) > self.donchianChannel.Bottom.Last(1):
self.close_positions(TradeType.Sell)
api.ExecuteMarketOrder(TradeType.Buy, api.SymbolName, self.volumeInUnits, api.Label)
elif api.Bars.HighPrices.Last(0) >= self.donchianChannel.Top.Last(0) and api.Bars.HighPrices.Last(1) < self.donchianChannel.Top.Last(1):
self.close_positions(TradeType.Buy)
api.ExecuteMarketOrder(TradeType.Sell, api.SymbolName, self.volumeInUnits, api.Label)
def get_bot_positions(self):
return api.Positions.FindAll(api.Label)
def close_positions(self, tradeType):
for position in self.get_bot_positions():
if position.TradeType != tradeType:
continue
api.ClosePosition(position)
{
"AccessRights": "None",
"TimeZone": "UTC",
"Parameters": [
{
"Name": "VolumeInLots",
"DisplayName": "Volume (Lots)",
"Type": "Double",
"DefaultValue": 0.01
},
{
"Name": "Label",
"Type": "String",
"DefaultValue": "Sample"
},
{
"Name": "Source",
"Type": "DataSeries"
}
]
}
Properties
| Name | Description |
|---|---|
BottomDesktopCLICloudIndicatorDataSeries | Gets or sets the lowest low of the period. |
MiddleDesktopCLICloudIndicatorDataSeries | Gets or sets the middle of the highest high and the lowest low of the period. |
TopDesktopCLICloudIndicatorDataSeries | Gets or sets the highest high of the period. |
Inherited members
From StandardIndicator: AddToChart, Symbol, TimeFrame, Bars