New free code from MQL5: indicators, EAs, and scripts for traders.
Real author:
nsi2000
The indicator draws two trend lines for the closest price extremes.
Protect profits effectively with the smart Trailing Stop Expert Advisor. Advanced trailing options for MT4/MT5. See it in action.
This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 28.03.2008.

Figure 1. The TrendChannel indicator
Build better strategies with RobotFX professional tools – check them out.
1775