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Turtle Channel

The turtle channel was developed by Richard Donchian and named after a group of traders whom he personally trained, they called themselves the ‘Turtle Traders’.

This is a simple trend following strategy which requires the separate calculation of the EMA of the 20 days high and low.

Buy script

Sell script

Additional notes

Trend () is a predefined script in Tradescript. It analyses the recent prices of the asset and classifies the same as either up, down, or sideways.