DIG Enhanced Donchian Channel

DIG Donchian Channel Explained: The Donchian Channel is a very popular volatility indicator, that calculates the recent price range by studying the recent highs and lows. It is mostly used to find trends and reversals. The Donchian Channel gives better market insights when the market is trendy. The indicator is displayed as a channel, the price action is contained within the upper and lower bands. It was originally developed by Richard Donchian back in the late 1940s hence its name DONCHIAN. What is the Donchain channel good for ( Short answer plenty, Long answer read below )The Donchian channel is used a variety of ways, below 2 examples are provided. Donchian Channel as an Entry Signal As we explained above the Donchian Channel contains the price movement between its Upper and Lower band. Each time the price hits the Lower Band, that means its down trending (Bearish) and you should Go Short, or stay on the sidelines and wait. Same goes for Long, each time the price action hits the Up