Donchian Volume Strategy (Python)

Donchian Volume uses Donchian channel breakouts confirmed by rising volume to initiate trades. A move outside the channel on strong volume suggests the start of a new trend. The strategy enters in the direction of the breakout and exits when price closes back inside the channel or volume wanes. Stops are set a short distance inside the channel to protect against false moves.

• Entry Criteria: indicator signal

• Long/Short: Both

• Exit Criteria: stop-loss or opposite signal

• Stops: Yes, percent based

• Default Values:

• CandleType = 15 minute

• StopLoss = 2% [*]Filters:

• Category: Breakout

• Direction: Both

• Indicators: Donchian Channel, Volume

• Stops: Yes

• Complexity: Intermediate

• Timeframe: Intraday

• Seasonality: No

• Neural networks: No

• Divergence: No

• Risk level: Medium