Flag and Pennant patterns – indicator MetaTrader 4

This indicator shows Flag and Pennant patterns.

This pattern is seen as the market potentially just taking a β€œbreather” after a big move before continuing its primary trend.

Trend detection uses linear regression, β€œbreather” detection uses channel.

Display:

  • Blue lines β€” Flag;
  • Green lines β€” Pennant.

flag and pennant

Settings:

Flag and Pennant settings

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