Donchian Channel - Custom — Indicator by Trendoscope

donchianchannels pivotpoints movingaverage customindicator

This is an extension to Donchian Channel - Pivot High Low indicator. Creating new version as the new type added isn't related to pivot high/low.

New type added is based on moving average. Instead of using highest and lowest of n bars, here, we are using lowest and highest of moving average of highs and lows for n bars.

Previous version of Donchian channel pivot points can be found here:

Release Notes:

Added adoptive option as per the concept mentioned below:

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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