DONCHIAN CHANNEL: The Donchian channel is a technical indicator that shows the highs and lows of a market over a 20 day period. It consists of three lines: the upper band (Donchian High), the lower band (Donchian Low), and the middle line (Donchian Median), which is the average of the upper and lower bands. The Donchian channel is used to identify the current market trend and the potential for price breakouts
By watching this video. Traders and Investors will learn step-by-step preparation of Donchian Channel Values along with formulas in Google Sheets. After watching this Video, Traders and Investors can prepare their own Screener to check the status of various Stocks which are above / below Donchian High / Low and take informed decisions. This will help traders who do not wish to download Screening Apps which contain a lot of ads unless subscribed to paid plans.
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MOVING AVERAGE: According to Investopedia, A moving average (MA) is a stock indicator commonly used in technical analysis. The moving average helps to level the price data over a specified period by creating a constantly updated average price. A simple moving average (SMA) is a calculation that takes the arithmetic mean of a given set of prices over a specific number of days in the past. In this video, Traders and Investors will learn step-by-step preparation of Stock Selection with 20 and 50 day Simple Moving Averages Screener along with formulas. With one time effort, Traders and Investors can prepare their own Screener to check the status of various stocks which are trending up/down to take informed decisions. This will help traders who do not wish to download screening apps which contain a lot of ads unless subscribed to paid plans.
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