DC_LOWER
— Donchian Channel Lower Band Trading Series
The DC_LOWER
trading series represents the lower band of the Donchian Channel, calculated as the lowest low over a specified period.
It is built upon the Donchian Channel indicator implementation from the indicators module.
Parameters
DC_LOWER(
ticker: str,
length: int = 20,
offset: int = 0
)
ticker
(str
): Asset ticker symbol (e.g.,"AAPL"
).length
(int
): Lookback period for the lowest low calculation. Default is 20.offset
(int
): Shifts the resulting series forward or backward. Default is 0.
Description
- The lower Donchian Channel marks the lowest price observed over the last
length
periods. - Helps identify potential support zones or breakout levels.
Example Usage
DC_LOWER(
ticker="AAPL",
length=20,
offset=0
)