mrtools wrote: Thu Aug 18, 2022 2:48 am
Try.
Thank you.
I often think about how to identify true market cycles.
This time I proceeded from the fact that it is impossible to change the width of the Donchian channel and it was necessary to make another channel based on the same Kijun.
ATR looks perfect in this case.
I have a zigzag that determines the average number of bars in each price move from reversal to reversal.
By this value, you can set the true average size of the deviation in accordance with the ZigZag readings.
At first glance, this approach improves trend reversal signals and filters out false breakouts of the Donchian channel.
Touching the price of this channel can serve as signals to close positions and may be some important levels.
Maybe someone will have some thoughts on this