Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/7267
Originally the DT mode was used by klot in his DT-ZigZag.mq4 indicator.DM
The "Directional Movement" (+/-DM) indicator. Developed by Wilder to improve the PTP indicator.
The operation logic is as follows: Once a local maximum\minimum has been determined several horizontal lines will be drawn. The white one is an entry point, the following lines in its direction are targets. Naturally, the first one is the most reachable.... Red line is a stop line.Donchian Channels
System concept: The Donchian Channels are quite popular among the trend following systems.