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Turtle Channel

The Turtle Channel plots the highest price from the prior x-number of trading days and the lowest price from the prior x-number of trading days as a channel around the prices.

For example, for a 14-day turtle channel, it takes the highest high price from the prior 14 trading days, not including today, and the lowest low price from the prior 14 trading days, not including today. These numbers as used as today's channel above the price.

Study Type: Overlay

Parameters

Period: (14) - the number of bars, or period, used to calculate the study.