DNC Percentage oscillator displays a relative price position inside the Donchian channel in a separate window.

It has two configurable parameters:

• Period - calculation period
• Analyze current bar - consider the value of the current bar in calculations (Yes/No)

Percentage = ((Close - Bottom) / (Top - Bottom)) * 100.0  

Top    = Max(High, Period)  Bottom = Min(Low, Period)  

Fig. 1. DNC Percentage

Fig. 2. DNC Percentage and Donchian channel