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You liked the script? Try it in the MetaTrader 5 terminal
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- 2023.11.21 10:44
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Donchian Channel with mid line and moving average of mid line. Updated Dec 6, 2023 Minor code update

The Oscillator Indicator for MetaTrader 4 is a powerful tool that accurately identifies the perfect signal on the completion of trends.

Few improvements from standart fractal: 1. You can chouse size of fractal. Standart version use 2 as constant 2. It does not draw fractals against the trend, which makes your chart much more informative

The purpose of this indicator is to demonstrate newbie friendly way a structure of a multi time frame indicator based on recursion.