The extended version of the ChannelsFIBO indicator which implements the selection of the reference distance (the distance considered 100% of the channel width at each individual bar):
For example, when selecting reference distance "By SD", the channel will look the following way:
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14749
The indicator draws a price channel using the Hodrick-Prescott Filter.Future_Indicator
The indicator based on the moving averages shifted to the left relative to the chart.