I like the DChannel, it clearly shows the high and low of the range and in combination with other support/resistance, it helps target turning points in a range, but the best, in my own opinion, way to use them is as a trending breakout indicator. Any time you have a good trend it will keep pushing the DChan line highlighting trending breakout opportunities and the opposing band helps set stop loss levels.
David, great video, I agree with you regarding the upper and lower lines, to me , I see the upper lines as resistance and the lower as support for the most part. Thanks!
I would look for a strong new high and trade it as a breakout with following stops in place. I see on the first third of the chart, where it broke above the 20 day high then ran way up. Just my two cents worth
Good question, I wouldn't say better or not better, it depends on your trading time frame, everybody trades differently and uses a different look-back period.
Great explanation, David. Thanks for posting this. There is a really cool scalping strategy that consists of Donchain Channels, Awesome Oscillator, and 1m renko charts.
I always wait for your valuable videos like this, no words to appreciate your work!!
I am honored by your comment, thank you very much Munish Kumar
I like the DChannel, it clearly shows the high and low of the range and in combination with other support/resistance, it helps target turning points in a range, but the best, in my own opinion, way to use them is as a trending breakout indicator. Any time you have a good trend it will keep pushing the DChan line highlighting trending breakout opportunities and the opposing band helps set stop loss levels.
Interesting points Ken Long, thank you for the comment
i completely agree
Is there an automated indicator available in TradingView for drawing support/ resistance/ trendline?
Wow. You know way more about this stuff than I do. Thank you for the info. Your channel seems to be growing.. That is great.....
Much appreciated -- more informational videos to come
this is the best video (in UTube) on how to use Donchian Channel, thanks a lot
Thank you very much Tanya Viktor, I appreciate your nice comment
oh yes I know him , thanks 😊
David, great video, I agree with you regarding the upper and lower lines, to me , I see the upper lines as resistance and the lower as support for the most part. Thanks!
Thank you Mike, I appreciate the comment and hopefully the video will help a lot of people
superb as always..well not getting better words to appreciate your efforts..thanks so much SIR!!
I am always grateful for your kind support, thank you jai thakore
I’ve settled on the 9 period to just simplify the price action when the chart is compressed.
Cool, thank you for the comment Joseph
Your voice is awesome 🙏
Thank you Pradip, I appreciate your nice comment
is vwap better than other channel based indicators?
Hello Nikhil, I wouldn't say it's better or worse, but only different
I prefer Donchian because I find the support lines easier just because it has the right lines, which I combine with RSI.
Thank you for the comment Remi Andre' Pedersen, I like the idea of combining the Donchian channels and the RSI
Hi David, Always love your video's and clear explanation. Also the girls pic. on the video post. Love that too...
Thank you for the comment Ramnath
I would look for a strong new high and trade it as a breakout with following stops in place. I see on the first third of the chart, where it broke above the 20 day high then ran way up. Just my two cents worth
Those are interesting ideas, thank you for the comment John
It seems to me the standard setting for donkian channels is 10 periods, do you think 20 is better (which I do as well) ? :)
Good question, I wouldn't say better or not better, it depends on your trading time frame, everybody trades differently and uses a different look-back period.
Interesting... I will definitely keep these bands in mind.
Thank you Joshua, I think they're worth checking out
another great explanation. Thanks for the info
Thank you very much 0888chas, I appreciate your nice comment.
Great explanation, David. Thanks for posting this. There is a really cool scalping strategy that consists of Donchain Channels, Awesome Oscillator, and 1m renko charts.
Thank you for the nice comment Shahab Azarm, I definitely appreciate it, and I like your idea of combining those indicators
Thanks, David for the video, I agree with you to buy at low price and not sell.
Thank you for the nice comment Ankur, much appreciated
Thank you sir.
Thank you for the comment Raymond
What’s warren buffet strategy? If you could summarize please David. Thanks
Actually, I recently made a video on that topic: th-cam.com/video/wvQIn1n1z_A/w-d-xo.html&fmt=22
Thise chart where is available, and where I will approach
@@purchasebaceindia430 It's from tradingview.com
I know who is the TH-camr that you are referring to. I'm actually came from his video about Donchian Channel. xD
could you kind share you tube channel pls
@@montekupon4969 Rayner Teo, the Superman guy. lol
Thanks Anna 😊
Keep it up. Good
Thank you for the encouraging comment Wilson Mendez, I appreciate it.
nice 😎
Thank you James, I'm covering practically every indicator known to humankind
thanks sir
Thank you for the comment SRIDHAR REDDY.
Finally, wish comes true...!!!
Thank you for the comment Aisha, I appreciate it.
👍👍
Thank you for the comment Ven Koti
Real smooth with the hot asian chick lol
LOL yep