Neo DC Channel

What is Neo DC Channel
Neo DC Channel is using the concept of Donchian Channels but add some more functions in other to represent more data.

Donchian Channels are three lines generated by moving average calculations that comprise an indicator formed by upper and lower bands around a midrange or median band. The upper band marks the highest price of a security over N periods while the lower band marks the lowest price of a security over N periods.

The Background color will bedisplay when the bar range is more than x% of the Upper – Lower’s Donchian Channels width and the bar is cross up/down the middle line.

Green Background will display when bar is crossing up the middle line
Red Background will display when bar is crossing down the middle line

What made Neo DC Channel?
- Donchian Channels
- MA Concept
- Percentage of bar due to the Donchian Channels’s Channels width

Use of Neo DC Channel
- can be use as the confirmation indicator if trader apply the indicator to any trading strategy which already have trend identifier Indicator.
- can also be use as trend changer/switcher indicator.