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DC_BASIS — Donchian Channel Basis Trading Series

The DC_BASIS trading series represents the middle line (basis) of the Donchian Channel, calculated as the average of the upper and lower bands.

It is built upon the Donchian Channel indicator implementation from the indicators module.

Parameters

DC_BASIS(
    ticker: str,
    length: int = 20,
    offset: int = 0
)
  • ticker (str): Asset ticker symbol (e.g., "AAPL").
  • length (int): Lookback period for calculating the basis. Default is 20.
  • offset (int): Shifts the resulting series forward or backward. Default is 0.

Description

  • The basis line represents the average price between the Donchian upper and lower bands.
  • Can be used as a mean reversion reference or dynamic support/resistance.

Example Usage

DC_BASIS(
    ticker="AAPL",
    length=20,
    offset=0
)