DNC Band Width oscillator displays the Donchian channel width in a separate window.

The indicator has three input parameters:

  • Period - calculation period
  • Analyze current bar - consider the value of the current bar in calculations (Yes/No)
  • Data in points - display the indicator data in points (Yes/No)

Calculation:

Width = Top - Bottom

where: 

Top    = Max(High, Period)
Bottom = Min(Low, Period)

Fig. 1. DNC Band Width

Fig. 2. DNC Band Width and Donchian channel