Hello Friends,

Indicator SHI_Channel_true shows Barishpolts' dynamic moving channels in the chart in automated mode.

The indicator finds the nearest (in terms of time) fractal in history, searches for the next one, and connects them with a line. Then it draws a parallel line on the maximal fractal on the opposite side. Then it draws a midline between these two lines.

DISCLAIMER: This expert advisor is only made for educational purposes. It is advised to back test it first or use it on demo accounts. If you decide to use it on real accounts, you do it at your own risk. I as the author am not responsible for any material or any other types of losses occurring when/during the usage of this expert adviser!

SHI_Channel_True.txtVTL Client Script on SHI Channel true-shi_channel_true_view.jpg
Thank you