- concept·7 min read
Donchian channels: the breakout indicator the Turtles got rich on
Two lines — the N-bar high and the N-bar low — and a rule to enter on breakouts. That's a Donchian channel. The system trained the most famous prop-trading class in history. Here is how it works and where it breaks.
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- concept·8 min read
Support and resistance: turning a vague idea into a testable rule
Support and resistance is the most intuitive concept in trading and the hardest to automate — because 'a level price respects' is not a definition a computer can use. Here's how to fix that.
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