Midpoint of Donchian Channel [SOLVED]
Midpoint of Donchian Channel
I saw in another post how to create a Donchian Channel by using 1 period MAs of the highest and lowest closes for a certain lookback. Is there any way to also plot the midpoint line for the "Donchian Channel" created by these MAs? If not would it be possible to add a Donchian Channel indicator with midline option in the future?
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Re: Midpoint of Donchian Channel
Try this, which would give you the yellow line:I saw in another post how to create a Donchian Channel by using 1 period MAs of the highest and lowest closes for a certain lookback. Is there any way to also plot the midpoint line for the "Donchian Channel" created by these MAs? If not would it be possible to add a Donchian Channel indicator with midline option in the future?
Edit: Well, the Donchian Channel is the highest high and lowest low for a given period (and not the close as displayed in the image), but the principle is the same.
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Re: Midpoint of Donchian Channel [SOLVED]
That's exactly what I was looking for, many thanks!
Try this, which would give you the yellow line:I saw in another post how to create a Donchian Channel by using 1 period MAs of the highest and lowest closes for a certain lookback. Is there any way to also plot the midpoint line for the "Donchian Channel" created by these MAs? If not would it be possible to add a Donchian Channel indicator with midline option in the future?
Edit: Well, the Donchian Channel is the highest high and lowest low for a given period (and not the close as displayed in the image), but the principle is the same.