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Apply a Donchian Channel Width Indicator

The width of Donchian Channels is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider.

This indicator is designed to detect trends: low values of the indicator signify that the price is moving sideways, while increasing values signify the start of a new trend.

To apply a Donchian Channel Width Indicator

1. From within a chart, from the Edit menu select Studies.
2. Choose Donchian Channel Width and click Add to add the study to the Applied Studies group.
3. Complete parameters as necessary.

Once the study is defined, you can elect to uncheck/check to remove and add the study to your chart.

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