#TradeOfTheWeek

the 4 week trend-following trading strategy developed by Richard Donchian, involves buying when prices break above the 4-week high and selling when they fall below the 4-week low. It's a simple way to identify and capitalize on market trends.

Here's a more detailed explanation:

Buy Signal:

When the current price closes above the highest high of the previous 4 calendar weeks (4-week high), a buy signal is generated, indicating a potential uptrend.

Sell Signal:

When the current price closes below the lowest low of the previous 4 calendar weeks (4-week low), a sell signal is gen erated, suggesting a potential downtrend.