The Donchain Channels is made up of a mid line and an upper and lower band. The mid line is the median or mean reversion price. The upper and lower band are the highest and lowest price of the security over a fixed window. These two bands shows the upper and lower range of the price movement. The concept is similar to the Bollinger Bands, except that the lines are derived using different formulas.
We use a window of 60 periods.
The Data Trader Donchain Channels strategy has a BUY signal when the closing price crosses above the upper band. Exit when the closing price drops below the mid line. It generates a SELL signal when the closing price crosses below the lower band. Exit when the closing price goes above the mid line.