The Custom Donchian Channel indicator can be purchased separately, or is available as part of the Club Membership. To get access to our entire collection of indicators, including any future releases, click here to join the Club.
The NinjaTrader Custom Donchian Channel indicator is based upon the traditional Donchian Channel, but the trend is defined when there is a true break of either the upper or lower channel. Not only is our trend definition modified, but we have added an Average True Range (ATR) offset. Price does not always come back and test a prior X day high / low, but often times it will come near the prior X day high / low, which we have observed can be defined, for the upper channel, as the upper Donchian Channel less an ATR offset.
The indicator is built on our Framework, which allows users to easily run the indicator on multiple time frames (MTF), including custom bar types.