Donchian channels
The highest high and lowest low of the last N bars, and the midline between them.
How to read it
A close above the upper channel is a breakout — the rule of the Turtle traders.
How to use it
Breakout systems and trailing exits: the opposite channel is a natural stop.
In Kereon
Charts · Superchart. Default 20.
Also called: donchian, highest high, lowest low, price channel, turtle.