Watch how to download trading robots for free

Find us on Facebook!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:

66842

Rating:

(62)

Published:

2015.08.24 15:43

Updated:

2016.11.22 07:32

flag_and_pennant.mq4 (37.53 KB) view

Download as ZIP, How to download code from MetaEditor

Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

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.

Display:

Blue lines — Flag;
Green lines — Pennant.

flag and pennant

Settings:

Flag and Pennant settings

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.

RSI EA

RSI EA based on overbought and oversold levels.

MySQL library for MQL4 with proper memory management

Library provides functions for management of MetaTrader 4 to MySQL database connections. Fixed memory allocation and release problems of the original library.

COrdersManager class

Simple way to control your orders.

Flag and Pennant patterns - indicator for MetaTrader 4