Donchian Channel and Candlestick#

Here is the strategy name: Breakout Strategy with Donchian Channels and Morning/Evening Star Patterns

Strategy Details#

Here are the strategy details from ChatGPT:

Note

Use Donchian Channels to identify a period of consolidation or range-bound price action.
Look for a morning star pattern (bullish) or an evening star pattern (bearish) at the upper or lower boundary of the Donchian Channels, respectively.
Enter a long trade if the morning star pattern forms at the lower boundary and the price breaks above the high of the pattern, or enter a short trade if the evening star pattern forms at the upper boundary and the price breaks below the low of the pattern.

Here is the link to the source code for this zeta-zetra/code.