693# Donchian middle band crossover
Submit by Angel 22/07/2016
Donchian middle band crossover is a trading system trend-momentum but the direction of the market is determined by price action of the channel.
It may seem like a complex system but really simple. You make money with this system.
Time frame 15 min or higher.
Trendline lnx (optional);
ml non lagma nrp period 9;
SHI Channel lead indicator;
Price channel Zig Zag;
Donchian channel atr lead indicator;
in the same sub window
RSX x2 lead indicator;
WPR MTF 14 period,
Elliot wave indicator (optional).
Trading Rules Donchian middle band crossover simple version:
Tradin only in the direction of the trend of SHI Channel.
SHI Channel pointing up;
Non lag ma aqua color;
the candle close above midde band of donchian channel;
WPR or insyindex above rsi (red or blue line).
SHI Channel pointing down;
Non lag ma red color;
the candle close below midde band of donchian channel;
WPR or insyindex below rsi (red or blue line).
place initial stop loss above below the previous swing.
Profit Target 3 pips before the bands.
In the pictures Donchian middle band crossover in action.