Donchian channel breakout strategy thinkscript

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Donchian channel breakout strategy thinkscriptDonchian Channel Breakout Strategy Thinkscript

What youll find below:

Ive had a few emails asking me about the Donchian Channel Breakout Thinkscript strategy I use in Thinkorswim. Specifically, people have been asking for the code so I thought Id pass it along with a little caveat. I wrote the Thinkscript Strategies below for the entry and exit, but I found the original Donchian Channel study code on this site. I will note that getting the entry and exit strategies to work was a little tricky for me because Im not a programmer, but it does work.

Its a good idea to understand whats going on in the Donchian Channel Thinkscript so you might spend some time looking through the code. The specific code below goes to a default order size of 100 shares. I have a Donchian Thinkscript Strategy that incorporates money management, but its not working quite right yet (sometimes it doesnt take trades and I havent figure out why). Once I get the money management version working, Ill be sure to share that as well.

If you have any questions about the code please let me know. Enjoy and feel free to share link with anyone who would benefit from it.

Heres what the Donchian Channel Strategy and Study look like:

Donchian Channel Breakout Strategy and Study Thinkscript on Apple (AAPL)