El Donchian channel is a technical indicator trend type represented as a dynamic market price channel based on price movements.
The Donchian channel is a technical indicator, as it is part of the technical analysis. In addition, it is a trend indicator because it aims to identify which is the main market trend. And, its graphic representation is as a dynamic channel. What does dynamic mean? That is a channel that changes as the price moves. Its appearance is as follows:
