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Multi-asset investment and trading expert Saxo Bank keeps enhancing the capabilities of its SaxoTraderGo platform.
After numerous chart improvements were introduced in November and December this year, the company is planning further enhancements to the platform for January 2016, with the focus being on studies.
- Donchian Channel
The Donchian Channel study is set to be available from the Studies menu in the chart from January 18, 2016.
The Donchian Channel is a trend-following breakout study developed by Richard Donchian consisting of two bands derived from the highest high and lowest low over a defined period. Similarly to Bollinger Bands, the Donchian channel provides information about volatility – the more the price fluctuates, the wider the bands become. Many traders use it to establish long positions when the price breaks above the upper band or short positions when the price breaks below the lower band.
- Studies on studies
From January 16, 2016, charts in SaxoTraderGO will support studies on studies. This feature, for instance, will make it possible to add a Moving Average on a Volume.
Also, in the study configuration dialog, traders will be able to select which chart panel they want the study to appear in or a new panel.
- Shared Price Axis
From January 16, 2016, SaxoTraderGO will allow 2 instruments to be displayed on the same chart, sharing the Price Axis (Y Axis) between the two charts.
To view the full announcement from Saxo Bank on what is new and what is coming to SaxoTraderGo, click here.