The signals of this indicator are not enough for opening positions. It would be better to add some trend indicator for filtration.
The version of this indicator was published in Code Base at mql4.com 2008.07.09.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/437
This indicator solves an issue of the use of digital filters in the client terminal.FractalChannel_v1
The indicator shows the channel based on fractals.