Donchian Channel with EMA Indicator
The Donchian Channel with EMA is a trend-following indicator containing, as the name suggests, Donchian Channel and Exponential Moving Average.The bands of the Donchian Channel can be used to identify the trend, breakout, and volatility of the market and are calculated on high and low of the past market data.The Exponential Moving Average works as a trend direction filter.When combining these two tools, traders can catch major moves in the trendi...