This indicator shows Flag and Pennant patterns.
This pattern is seen as the market potentially just taking a “breather” after a big move before continuing its primary trend.
Trend detection uses linear regression, “breather” detection uses channel.
MT4 Indicators – Download Instructions
Flag and Pennant patterns is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Flag and Pennant patterns provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Flag and Pennant patterns.mq4?
- Download Flag and Pennant patterns.mq4
- Copy Flag and Pennant patterns.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Flag and Pennant patterns.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Flag and Pennant patterns.mq4 is available on your Chart
How to remove Flag and Pennant patterns.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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MT4 Indicators Download below:
Flag and Pennant patterns