Showing off a trend-following Donchian channel breakout trading strategy that has one parameter. The strategy has maintained a positive expectancy in the past regardless of the parameter value selected. Python code for the strategy is shown.

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The content covered on this channel is NOT to be considered as any financial or investment advice. Past results are not necessarily indicative of future results. This content is purely for education/entertainment.

Tradingview moderation is lame and apparently my script violated 'house rules' about something, I don't know why or care. Here is the pinescript code if you want it.

//@version=5
indicator(title="Modified Donchian Channel", shorttitle="NTDC", overlay=true, timeframe="", timeframe_gaps=true)
length = input.int(72, minval=4)
lower = ta.lowest(close[1], length - 1)
upper = ta.highest(close[1], length - 1)
var sig = 0
buy = ta.crossover(close, upper) and sig != 1
sell = ta.crossunder(close, lower) and sig != -1
if buy
sig := 1
if sell
sig := -1

u = plot(upper, "Upper", color=#2962FF)
l = plot(lower, "Lower", color=#2962FF)
//plot(sig)
plotshape(buy, style=shape.labelup, location=location.belowbar, color=#00FF00, size=size.tiny, title="Buy Signal", text="Long", textcolor=color.black)
plotshape(sell, style=shape.labeldown, location=location.abovebar, color=#FF0000, size=size.tiny, title="Sell Signal", text="Short", textcolor