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Thread: Donchian Channels
Donchian channels were invented by Richard Donchian. He is known as a father of trend following trading. He was founder of world’s first managed fund in 1949.
#donchianchannels #indicators #definedge
Donchian channels were invented by Richard Donchian. He is known as a father of trend following trading. He was founder of world’s first managed fund in 1949.
#donchianchannels #indicators #definedge
Donchian was born in 1905, he got interested in trading after learning abt story of Jesse Livermore. Donchian started relatively at young age but wasn’t successful initially in the market. He lost significant money in 1929 crash. Bt managed to come back & started practicing again
He was a self-taught chartist and technician. He created strategies using charts and indicators and also studied company’s underlying fundamental characteristics. He also wrote technical newsletters for over two decades for well-known firms.
