The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.
Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;
PROFILE: Woodside Petroleum (WPL.AX)
Stock Exchange: ASXAbout Woodside Petroleum (ASX:WPL):
Company: Woodside Petroleum
Ticker Codes: | WPL.AX | ASX:WPL |
Woodside Petroleum Ltd, an independent oil and gas company, engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons. The company's products include liquefied natural gas, pipeline natural gas, condensate, liquefied petroleum gas, and crude oil. It holds interests in the North West Shelf project located in Western Australia; and operates a fleet of floating oil production, storage, and offloading facilities in Australia. The company's exploration portfolio includes emerging and frontier provinces in Australia and the Asia-Pacific region, the Atlantic margins, and Sub-Saharan Africa. It is also involved in the provision of trading, LNG processing, ship chartering, and other services. The company operates in Oceania, Asia, Canada, Africa, and internationally. Woodside Petroleum Ltd was founded in 1954 and is headquartered in Perth, Australia.