Donchian Channel Trend Intensity [DW]

This is an experimental study designed to analyze trend intensity using two Donchian Channels.
The DCTI curve is calculated by comparing the differences between Donchian highs and lows over a major an minor period, and expressing them as a positive and negative percentage.
The curve is then smoothed with an exponential moving average to provide a signal line.

Custom bar colors included with two coloring methods to choose from.

版本注释:

Updates:

Cleaned up the code. Condensed the operations into a function.

Bar color selection is now an easy to use dropdown menu.