Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
A 52 week high can be detected on a daily chart by setting the indicator to a lookback period of 256 bars, which would be the equivalent of 256 business days.
Yes, when price touches the channel, it indicates a new 52-week high or low.
However, the Donchian Channel that comes with NinjaTrader only detects a 52-week high or a 52-week low, but not a new 52 week highest or lowest close. Both the NewHighsAndLows and the Donchian Channel indicator as per link below allow to detect a new high or low based on both high/low or close.
