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KT Power Pennant MT5

KT Power Pennant finds and marks the famous pennant pattern on the chart. A pennant is a trend continuation pattern with a significant price movement in one direction, followed by a period of consolidation with converging trend-lines.

Once a pennant pattern is formed, a buy/sell signal is provided using a bullish or bearish breakout after the pattern formation.

MT4 Version is available here https://www.mql5.com/en/market/product/44713


Features

  • Pennant patterns provide a low-risk entry after a period of consolidation, followed by a breakout.
  • When combined with other methods of technical analysis, the signals provided by KT Power Pennant can be advantageous.
  • Consolidation period with lower volume followed by a breakout with increasing volumes provides a high chance of price continuation in trend direction.
  • All Metatrader alerts implemented. 

Input Parameters

  • History Bars:  The number of bars to find historical pennant patterns.
  • Pattern Magnitude: An integer value that decides the pennant pattern magnitude and size.
  • Pattern Formation Color: The color of trend-lines that form the pattern.
  • Pattern Formation Width: The width of trend-lines that from the pattern.
  • The rest of the inputs are self explanatory.
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The Camarilla Pivots indicator is fully configurable and can be adjusted to work in different ways. If you are a manual trader and prefer a clean chart, you can configure the indicator so that it only draws camarilla pivot points for the current session. Otherwise if you are developing an expert advisor that uses pivot points, you can configure the indicator to show historical camarilla pivots as well. Another unique feature of this indicator is that, when calculating daily camarilla pivots, it
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Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Commodities, Metals, Cryptos. The Kangaroo Tail is a simple and very effective pattern to trade. The strategy that comes with the Kangaroo Tail is purely based on price action. Inputs : CandleSizeATR: filter signals depending on the size of candle (0.5 to 1.5 recommended range of values) TradeDirection (Long/Short/LongAndShort): filter signals for BUY and SELL Distance: distance in pixel relative to top or bot
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You want to become a constantly profitable 5-star forex trader? 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat FX Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long they last and how powe
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