Donchian channel
Technical analysisA band drawn from the highest high and lowest low of the last N bars.
In plain terms
The most mechanical level on any chart — nothing to interpret and no way to see a breakout because you wanted one.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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