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Free Download Donchian Bands.ex4
there are several ways of interpreting and trading the Donchian Bands. The most commonly used is the breakout:
Long Trades – Long trades are entered when price breaks above the 20-period Upper Donchian Band. Conservative traders wait for price to close above the Donchian Upper Band to enter.
Short Trades – Short trades are entered when price breaks below the 20-period Lower Donchian Band. Conservative traders wait for price to close below the Donchian Lower Band to enter.
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