How do the ATR inputs of the Donchian strategy work

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I was looking for help understanding the default Donchian Strategy Script in TOS:  Specifically what the atrFactor and atrStopFactor represent or are designed to do.

input entryLength = 40;
input exitLength = 15;
input atrLength = 20;
input atrFactor = 0.9;
input atrStopFactor = 4.0;
input atrAverageType = AverageType.SIMPLE;

 

 

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Asked on August 21, 2020 7:56 am
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Please make sure the title you include with your questions explain the full context of your question. The title you entered: "Help Understanding Script" could easily apply to nearly every single post in the forum. Please consider the rest of our viewers when posting a new question in this forum. If your title does not describe your question no one will benefit from your post.

The best answer I have is to simply read the description provided by Thinkorswim. Screenshot below shows the description. I see that it mentions someone named Oscar G. Cagigas who wrote an article named "The Degree of Complexity". Rather than try to interpret his intentions in my own terms I believe its most useful to look this up and get the details directly from the person who authored the technique.

You can also get more detailed descriptions from Thinkorswim at the following link:

https://toslc.thinkorswim.com/center/reference/Tech-Indicators/strategies/A-D/Donchian.html

 

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Answered on August 21, 2020 8:18 am
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