Donchian Channel Position (20)Volatility

Timeframe M1 · unit ratio

What it measures

The closing price's location within the 20-bar highest-high / lowest-low channel, shifted to a -0.5 to +0.5 range (0 = exact midpoint of the range).

How Janira reads it (bullish vs bearish)

A value near +0.5 means price is close to the top of its recent 20-bar high. Near -0.5, close to the recent low. Zero is the precise midpoint. The Donchian channel is a pure price-range measure - no smoothing, no weighting.

In plain language

Draw a box from the lowest low to the highest high of the last 20 bars. Donchian position tells you where the current price sits inside that box: top, bottom, or middle.

Scenarios

Value near +0.5: Price at or near the 20-bar high. This could reflect a breakout in progress or a zone of recent resistance, depending on prior context.
Value near 0: Price at the midpoint of the recent range - neither pressing highs nor lows.
Value near -0.5: Price at or near the 20-bar low. Could reflect a breakdown or a potential support zone.
Donchian width expanding (compare to prior): the range itself is widening, indicating the market is exploring new territory relative to recent bars.

More volatility indicators

ATR % of Price (14)Normalized ATR (14)Bollinger %b (20, 2σ)Bollinger Band Width (20, 2σ)Keltner Channel Position (20, 2×ATR)Close Standard Deviation % (20)Historical Volatility (20 bars, annualised)Chaikin Volatility (10)

Janira computes Donchian Channel Position (20) deterministically from live price action, the same way for every reading - no discretion, no hidden weighting. This page explains the method; it is not a live reading and not advice.