DETAILED NOTES ON DONCHIAN CHANNEL EA V1.0 MT4

The Donchian indicator is actually a channel with 3 lines drawn in opposition to the price motion. The crux with the indicator lies in interpreting the 3 bands, the higher band, decrease band, and Center band. The Donchian channel is usually a helpful indicator for viewing the volatility of a market place price. If a cost is stable the Donchian