RSI Donchian Channels
Built by Ricardo and JR
Here is a great indicator to use for strong trends. Donchian Channels react immediately to changes in the highest high and lowest low. For strong trends you want to trade when RSI is set along the upper or lower DC-RSI envelope. When the RSI releases from the DC-RSI envelope, you can take the trade off....
During trending periods every trader would like to have the source of signals to close positions and re-entry if trend continues. The Donchian channel formed by "lag-free" RSI (RSX which is, basically, RSI calculated with using Jurik's Moving Average) could be such indicator. Simplest usage is to keep position while RSX sticks to the channel's bound, and close...
Elec Donchian Channel Signal v1
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