Donchian Channel Momentum helps to define trends.. Better use with 30 mnts and above timeframes
study(title="Donchian Channels Mom", shorttitle="DCMom", overlay=false) len = input(200, minval=1, title="Length") src = input(close, title="Source") momi = src - src[len] smooth = input(10, minval=0, title="Smooth") mom=ema(momi, smooth) length = input(100, minval=1) lower = lowest(mom,length) upper = highest(mom,length) basis = avg(upper, lower) l = plot(lower, color=red) u = plot(upper, color=red) plot(basis, color=red, linewidth=3) plot(mom, color=blue, linewidth=3) fill(u, l, color=orange, transp=95)