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2015.08.24 15:43

Flag and Pennant patterns - indicator for MetaTrader 4

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votes: 27

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.


  • Blue lines — Flag;
  • Green lines — Pennant.

flag and pennant


Flag and Pennant settings

Support Resistance - Tools Support Resistance - Tools

Easily create horizontal lines by 1 key stroke, choose the color of the resistance line and the support line, the indicator automatically changes the color when a line is crossed, you can be alerted when a line is crossed. You can see the history of support and resistance of the line.


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MySQL library for MQL4 with proper memory management MySQL library for MQL4 with proper memory management

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COrdersManager class COrdersManager class

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