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River Styx

position_trade  
Donchian Channels (DC)
69
0
donchianchannels
River Styx - Modified Donchian Channel with separate adjustments for upper and lower levels, with offset

Blue line = the highest price of the last 14 periods (resistance).
Red line = the lowest price of the last 14 periods (support).
Gray line = middle line between blue and red line.
Green line = exponential moving average of 2 periods of closing price.
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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