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You liked the script? Try it in the MetaTrader 5 terminal
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- Published:
- 2016.04.26 14:31
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Author: mishanya
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.

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.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/7269

This indicator is a conversion of the Darma indicator set from MT3 to MT4.

Originally the DT mode was used by klot in his DT-ZigZag.mq4 indicator.

System concept: The Donchian Channels are quite popular among the trend following systems.

The calculator estimates the value of one point of a currency pair and the maximum stop loss for the user-defined lot.