IndicatorsBeginner
Donchian Channels
Two lines at the highest high and the lowest low of the last 20 days, with a middle line between them.
- What it means
- A new 20-day high or low pushes the channel outward; a narrow channel shows a quiet market.
- What to watch
- Price reaching the upper or lower line, which many traders treat as a breakout of the recent range.
- How Compass-Alpha uses it
- Background only; not used in any figure on Compass-Alpha.
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Moving averages
The average closing price over a set number of days, drawn as a smooth line (for example 20 or 50 days).
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A 0 to 100 measure of how strong recent gains are compared with recent losses.
MACD
Moving Average Convergence Divergence: the gap between a fast and a slow average, with a signal line.