Superior Donchian

Overview

Superior Donchian is a refined version of the traditional Donchian Channel, designed to provide clearer insights into market phases.

Instead of displaying only the highest and lowest bands over N periods, this indicator adds an offset high and an offset low to form the upper cloud and lower cloud.

How it works:

• When the closing price falls inside the upper cloud, the market is considered to be in an uptrend.
• When it closes inside the lower cloud, the market is considered to be in a downtrend.

This makes the classification of market phases more straightforward and helps traders follow long trends in search of higher rewards.

The offset can be calculated in different ways: ninZaATR, Standard Deviation, or Channel Range, allowing you to adjust the cloud according to their trading style.

Among these, ninZaATR is a customized version of ATR optimized for intraday trading, offering more stable responsiveness compared to the standard ATR. It is also available as a free indicator here → https://zuperview.com/products/ninzaatr

In addition, Superior Donchian includes features such as smoothing with a Moving Average to reduce noise, coloring bars and channel lines to highlight trend states, and generating alerts and markers when the market shifts phase.