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Flag Pattern Pro

5

Flag Pattern pro is a Price Action (PA) analytical tool that scans the continuation patterns known as "Flag and Pennant Patterns" .

Flag and Pennant patterns are continuation patterns characterized by a move in a previous trend direction after a shallow retracement usually below 50% of the original move . Deep retracements can however be sometimes found at the 61.8 % levels. The original move is know as the flag pole and the retracement is called the flag. 


Indicator Fundamental

Fibonacci Ratios has found their validity in finance over centuries and their success in forex is nothing short of a revolutionary phenomenon . This is strongly based on the fact that the forex market is patterned around these numbers called Fibonacci ratios. Support, Resistance , Market turning points are patterned around these levels, that is why these levels should be a base in every trading system. Flag Pennant Scanner is designed to function with Fibonacci ratios, every retracement level and trade exit points are defined by the fibonacci ratios especially the 0.618 golden ratio.


Flag Reversal Pattern

The flag reversal pattern is formed when a pull back occurs around any fibonnacci level after a slight reversal from the original trend. To ensure higher success , the default parameters of this indicator looks for pull backs around 50% to 76.4 % fibonacci which makes most pattern pull back to occur around the 61.8 % fibonacci golden ration.

Flag Breakout Pattern

The breakout flag pattern occurs when price moves and breakout the previous flag pole tip after a short reversal . The breakout patterns usually occurs after the reversal pattern but in some cases they can occur at the same time.


STATISTICS :

Accuracy 1 : This is the percentage of the times price hits TP1 before it hits stop loss.

     Accuracy 1= (Total TP1 Hit /Total signals )*100

Accuracy 2 : This is the percentage of the times price hits TP2 before it hits stop loss.

     Accuracy 2= (Total TP2 Hit /Total signals )*100

Positive 1 : This is the percentage of the times price hits TP1.

Positive 2 : This is the percentage of the times price hits TP2.

Negative : This is the percentage of the times price hits stop loss (SL 2) .

Days : The number of days scanned in the historical data.


SL1 vs SL2 Usage

Traditionally due to the fact that there are two patterns recognized by the indicator (Reversal & Breakout ) , the indicator has two stop loss levels for the two patterns formed . The SL1 is the first stop loss designed to trading breakout patterns and the SL2 is the second stop loss level designed for trading reversal patterns


 Product Features

  • Non Repaint
  • Stop Loss Levels Indicated
  • Take Profits (Potential Reversal Zones)  Indicated
  • Accurate Statistics Dashboard
  • Email, Pop Up and Push/Phone Notifications

INPUT MENU SETTINGS

  • Pattern History : This is the range of historical bars scanned. This number affects how fast the indicator loads , the larger the number , the slower the indicator loads.
  • Pattern Amplitude : This is basically the most important setting for this indicator. It affects both the accuracy and number of daily signals . For a more filtered signal with less noise, this number should be increased . But if you want to see more signals, then the number should be reduced but the more the signals , the more the noise.
  • Minimum_Reversal : The minimum fibonacci reversal ratio. This affects how shallow or deep the flag pattern is.
  • Maximum_Reversal : The maximum fibonacci reversal ratio . This affects how shallow or deep the flag pattern is .
  • First TP Fibo : The first fibonacci ratio for take profit 1
  • Second TP Fibo : The second fibonacci ratio for take profit 2
  • Scan Reversal : Scan Reversal Patterns (True/False)
  • Scan Breakout: Scan Breakout Patterns (True/False)
  • Show Dashboard : Show Statistics Dashboard (True/False).

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Recensioni 5
Tony Gregg
666
Tony Gregg 2023.10.13 17:00 
 

So far seems like a very good indicator. I like all the settings options available.

Millymakeup123
50
Millymakeup123 2023.07.13 09:38 
 

Purchased this indicator from Nesimeye a few weeks back. Have been using it everyday on the M15. Monitoring around 9 pairs and fine tuning the PA at the start of every trading session. Basically, its excellent. Once you dial in the pattern amplitude, you can have full faith in the signals. Nesimeye is also very quick to answer any questions and very helpful too. Highly recommend, excellent.

Peter Fenderson
1174
Peter Fenderson 2021.12.08 18:01 
 

This is an excellent indicator for finding reversal patterns, I like everything about it: the Accuracy display is excellent for fine tuning the settings and the push notification is great for alerting me by phone when a setup has formed. I am having a lot of success with this indicator, it is the only one on MQL5 that I can find that finds reversal and breakout patterns and displays perfect fibonacci entries. I am using it to scan 12 different pairs simultaneously with great success. Thanks to the author, this indicator works great and I highly recommend it.

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L'Oscillatore dell'Indice di Precisione (Pi-Osc) di Roger Medcalf di Precision Trading Systems La Versione 2 è stata attentamente rielaborata per essere estremamente veloce nel caricarsi sul tuo grafico e sono state apportate alcune altre migliorie tecniche per migliorare l'esperienza. Il Pi-Osc è stato creato per fornire segnali di sincronizzazione del trading accurati progettati per individuare punti di esaurimento estremi, i punti ai quali i mercati vengono costretti a recarsi solo per e
TakePropips Donchian Trend Pro
Eric John Pajarillaga Aldana
4.82 (17)
TakePropips Donchian Trend Pro   (MT4) è uno strumento potente ed efficace che rileva automaticamente la direzione del trend utilizzando il canale Donchian e ti fornisce segnali di trading di entrata e uscita! Questo indicatore multifunzione include uno scanner di tendenza, segnali di trading, pannello statistico, screener, sessioni di trading e dashboard della cronologia degli avvisi. È progettato per fornirti segnali di trading e farti risparmiare ore analizzando i grafici! È possibile scarica
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals (except early signals mode) strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our custo
GOLD Impulse with Alert
Bernhard Schweigert
4.56 (9)
Questo indicatore è una super combinazione dei nostri 2 prodotti Advanced Currency IMPULSE with ALERT  +   Currency Strength Exotics . Funziona per tutti i time frame e mostra graficamente l'impulso di forza o debolezza per le 8 valute principali più un simbolo! Questo indicatore è specializzato nel mostrare l'accelerazione della forza delle valute per qualsiasi simbolo come oro, coppie esotiche, materie prime, indici o futures. Primo nel suo genere, qualsiasi simbolo può essere aggiunto
PTS Divergence Buy Finder
PrecisionTradingSystems
PTS - Divergence Buy Finder di Precision Trading Systems Il Precision Divergence Finder è stato progettato per individuare i minimi di mercato con estrema precisione e lo fa frequentemente. Nell'analisi tecnica, l'arte di individuare i minimi di mercato è generalmente molto più semplice rispetto a individuare i massimi, e questo strumento è progettato appositamente per questa finalità. Dopo aver identificato una divergenza rialzista, è saggio attendere che la tendenza si inverta prima di ac
L'indicatore di vendita PTS Divergence Finder di Roger Medcalf - Precision Trading Systems. Questo indicatore fornisce solo segnali ribassisti - di vendita. In primo luogo, mi è stato chiesto molte volte perché non avessi fornito un indicatore di divergenza di vendita mentre fornivo volentieri un indicatore di ricerca di divergenza di segnali di acquisto da molti anni. Ho risposto che le divergenze di vendita sono meno affidabili delle divergenze di acquisto, cosa che è ancora vera. Alcune soluz
Up down v6T
Guner Koca
5 (1)
Thise indicator is up down v6  comes with tradingwiev version. purchased people, after installed on terminal ,contact me on mql5  to get BONUS  TradingView version. up-down indicator is no repaint and works all pairs and lower than weekly time frames charts. it is suitable also 1 m charts for all pairs. and hold long way to signal. dont gives too many signals. when red histogram cross trigger line that is up signal.and price probably will down when blue histogram cross trigger line that is dow
Indicator : RealValueIndicator Description : RealValueIndicator is a powerful tool designed specifically for trading on the EURUSD pair. This indicator analyzes all EUR and USD pairs, calculates their real currency strength values, and displays them as a single realistic value to give you a head start on price. This indicator will tell you moves before they happen if you use it right. RealValueIndicator allows you to get a quick and accurate overview of the EURUSD currency pair tops and bottoms,
XQ Indicator MetaTrader 4
Marzena Maria Szmit
3 (2)
Step into the realm of Forex trading with confidence and precision using XQ, a cutting-edge Forex indicator designed to elevate your trading game to unprecedented heights. Whether you're a seasoned trader or just stepping into the world of currency exchange,   XQ Forex Indicator   empowers you with the insights and signals needed to make informed trading decisions. The signal conditions are a combination of three indicators, and XQ Forex Indicator only display  medium and long-term trends . The
Quantum Heiken Ashi PRO MT4
Bogdan Ion Puscasu
4.43 (7)
Presentazione del       Grafici   Quantum Heiken Ashi PRO Progettate per fornire informazioni chiare sulle tendenze del mercato, le candele Heiken Ashi sono rinomate per la loro capacità di filtrare il rumore ed eliminare i falsi segnali. Dì addio alle confuse fluttuazioni dei prezzi e dai il benvenuto a una rappresentazione grafica più fluida e affidabile. Ciò che rende il Quantum Heiken Ashi PRO davvero unico è la sua formula innovativa, che trasforma i dati tradizionali delle candele in barre
Currency Strength Exotics
Bernhard Schweigert
4.88 (33)
ATTUALMENTE SCONTATO DEL 20%! La soluzione migliore per qualsiasi principiante o trader esperto! Questo indicatore è specializzato nel mostrare la forza della valuta per qualsiasi simbolo come coppie esotiche, materie prime, indici o futures. È il primo nel suo genere, qualsiasi simbolo può essere aggiunto alla nona riga per mostrare la vera forza della valuta di Oro, Argento, Petrolio, DAX, US30, MXN, TRY, CNH ecc. Si tratta di uno strumento di trading unico, di alta qualità e conveniente
Altri dall’autore
This Currency Meter Calculates Strength Using a currency basket of 28 pairs? This Currency Meter uses a basket of 28 currency pair to define strength. This is very important because it gives an wholesome view of the strength of a currency by considering its reaction to all major currencies paired with it. This Currency Meter is Multi-timeframe!!! Majority of the currency strength indicators around the market today only has a single time frame view. Even with the so called multi-timeframe ver
CONGESTION BREAKOUT PRO This indicator scans the breakout of congestion zones . This indicator unlike any other congestion indicator you will find in the market right now,  it uses an advanced algorithm not peculiar to most traditional congestion indicators available today . The advanced algorithm used to define the congestions  is greatly responsible for the high rate real congestion zones and low rate fake congestion zones spotted by this product. UNDERSTANDING CONGESTION Congestion are
Good News ! Advanced Currency Meter is more awesome now ! If you have been a fan of the free version of Advanced Currency Meter then I will implore you not to be discourage because you will soon find that the new paid version is worth every dime. Unlike the free version the new paid version of Advanced Currency Meter now has a newly added panel called the “% Daily Range” . Why A Paid Version Now? We believe you like good things and many who has used Advanced Currency Meter over the years will te
Swing Continuation
Nesimeye Oswald
2.33 (6)
The swing continuation pattern happens in a trend direction after a short reversal / pull back . As the name suggests , these patterns occurs along the swing high and swing lows of a trend , this makes the patterns very low risk patterns with potential high rewards . The swing continuation indicator also combines Currency Meter as a filter for its execution. The idea is to go with both the price trend flow and currency trend flow. Which means the price action must be supported by the currency st
M W Pattern Pro
Nesimeye Oswald
4.14 (7)
M & W Pattern Pro is an advanced scanner for M and W patters , it uses extra filters to ensure scanned patterns are profitable. The indicator can be used with all symbols and time frames. The indicator is a non repaint indicator with accurate statistics calculations. To use , simply scan the most profitable pair using the statistics dashboard accuracy , then enter trades on signal arrow and exit at the TP and SL levels. STATISTICS : Accuracy 1 : This is the percentage of the times price hit
Heiken Ashi RSI Oscillator
Nesimeye Oswald
4.88 (8)
This system is an Heiken Ashi system based on RSI calculations . The system is a free open source script originally published on TradingView by JayRogers . We have taken the liberty of converting the pine script to Mq4 indicator . We have also added a new feature which enables to filter signals and reduces noise on the arrow signals. Background HEIKEN ASHI The Heikin-Ashi technique is used by technical traders to identify a given trend more easily. Hollow white (or green) candles with no l
FREE
More About Advanced Currency Meter Every good forex system has the following basic components: Ability to recognize the trend direction. Ability to identify the strength of the trend and answer the basic question Is the market trending or is it in a range? Ability to identify safe entry points that will give a perfect risk to reward (RR) ratio on every position. How Advanced Currency Meter Helps you Achieve These Components Advanced Currency Meter is a tool that measures the strength between i
FREE
FRM Half Trend
Nesimeye Oswald
5 (1)
The system is a free open source pine script originally published on TradingView by everget   . It was converted to Mt4 by Forex Robot Makers   This system is a  popular trend indicator based on ATR ( Average True Range ) , Moving Averages and the Donchian channel . System BackGround ATR The average true range is an indicator of the price volatility of an asset. It is best used to determine how much an investment's price has been moving in the period being evaluated rather than an indicatio
FREE
Channel Vertex Pro
Nesimeye Oswald
5 (1)
Channel Vertex is a price action pattern formed by price Chanel and a triangle pattern . Price channels basically indicates possible support and resistance zones around a price movement and retracement    or breakout at these levels can indicate possible trend continuation or reversal .  Majority of the times price fluctuations forms triangle patterns defined by 3 vertexes , these triangle patterns most times defines a trend continuation.  A triangle pattern is a trend continuation pattern tha
This free version can only be used for GBPUSD M15 chart . To use on all time frames and pairs , Get Pro Version The swing continuation pattern happens in a trend direction after a short reversal / pull back . As the name suggests , these patterns occurs along the swing high and swing lows of a trend , this makes the patterns very low risk patterns with potential high rewards . The swing continuation indicator also combines Currency Meter as a filter for its execution. The idea is to go with
FREE
Volatility Ratio
Nesimeye Oswald
4.24 (21)
The Volatility Ratio was developed by Jack D. Schwager to identify trading range and signal potential breakouts. The volatility ratio is defined as the current day's true range divided by the true range over a certain number of days N (i.e. N periods). The following formula is used to calculate the volatility ratio: Volatility Ratio (VR) = Today's True Range/True Range over N number of days To calculate the volatility ratio, the true range is calculated using the following formula: Today's True
FREE
M & W Pattern Pro is an advanced scanner for M and W patters , it uses extra filters to ensure scanned patterns are profitable. The indicator can be used with all symbols and time frames. The indicator is a non repaint indicator with accurate statistics calculations. To use , simply scan the most profitable pair using the statistics dashboard accuracy , then enter trades on signal arrow and exit at the TP and SL levels. STATISTICS : Accuracy 1 : This is the percentage of the times price hit
High Volume Turns
Nesimeye Oswald
4.7 (10)
Most of the time, market reversals / pull backs usually follow volume and price spikes thus  these spikes could be the first indication of an exhaustion and possible reversal/pullback. High volume Turns is an indicator that scans the market for price and volume spikes around over-bought/over-sold market conditions. These spikes when spotted serves as the first indication of reversal/pullback. Note :  Though it seems ok now but this is a system that is still under development. We have made it p
FREE
Daily Correlated Pairs
Nesimeye Oswald
4.8 (5)
The popular saying in forex  "The Trend is your friend"   has always stood the test of time because it is valid statement for every generation of traders and in every market. Most successful traders do not fight against the trend but lend to flow with it.  Sometimes finding the best pair to trade can be a daunting task even when you have a good strategy . Some strategies works well with trending markets and some don't . So the question is how can you easily spot trending pairs without any hass
FREE
This indicator scans the 1-3 Trendline pattern . The indicator is a 100 % non repaint low risk breakout system . The patterns are formed around swing high and swing lows which make them a low risk pattern with high reward. PATTERN BACKGROUND The 1-3 Trendline Breakout pattern is formed by four(4) points which are composed of three (3) primary points and the pattern neck. A trendline is always formed by the point 1 and the neck of the pattern . When price breaks out of the trendline formed ,
Flag Pattern pro is a   Price Action (PA)   analytical tool that scans the   continuation patterns   known as   "Flag and Pennant Patterns"   . Flag and Pennant patterns are continuation patterns characterized by a move in a previous trend direction after a shallow retracement usually below 50% of the original move . Deep retracements can however be sometimes found at the 61.8 % levels. The original move is know as the   flag pole   and the   retracement   is called the flag. Indicator Fun
Note : The slow loading of the indicator issue has been addressed . This new version loads fast and does not slow the platform. Version 1.3 : We have updated the indicator to include an historical bar scanning option . So instead of scanning all bars in the history (which can make the indicator slow sometimes ) , you can select the maximum number of bars it can scan which can increase the performance and make the indicator faster. This indicator scans the 1-3 Trendline pattern . The indic
Camarilla Pivots Historical
Nesimeye Oswald
4.57 (7)
Camarilla Pivots Historical plots the historical data of the camarilla pivot point levels on the chart. The Camarilla Pivot levels was originated in 1989 by Nick Scott. The levels are used as primary support and resistance levels by Intraday traders. The levels are calculated with the following formula: R4 = C + RANGE * 1.1/2 R3 = C + RANGE * 1.1/4 R2 = C + RANGE * 1.1/6 R1 = C + RANGE * 1.1/12 PP = (HIGH + LOW + CLOSE) / 3 S1 = C - RANGE * 1.1/12 S2 = C - RANGE * 1.1/6 S3 = C - RANGE * 1.1/4 S4
FREE
Mommentum Channel
Nesimeye Oswald
5 (1)
Momentum channel is a simple momentum based system yet with a great degree of accuracy in detecting turning points. The market momentum are defined by Average True Range Channels . When price breaks these channels most times , it is an indication of a shift in market momentum and thus a possible new trend formation. The system can be traded on any time frame and symbol and can also be used to trade commodities and stocks. INPUT MENU ATR_Period :  Average True Range Momentum Period ATRMultip :
FREE
This Currency Meter Calculates Strength Using a currency basket of 28 pairs? This Currency Meter uses a basket of 28 currency pair to define strength. This is very important because it gives an wholesome view of the strength of a currency by considering its reaction to all major currencies paired with it. This Currency Meter is Multi-timeframe!!! Majority of the currency strength indicators around the market today only has a single time frame view. Even with the so called multi-timeframe versi
Ask any successful forex traders the secret of their success and they will tell you that the first key to a successful forex trading is proper trade management. Trade management is what differentiates the rookie from the pro in Forex. While the rookie trades based on emotions and greed, the pro trades based on certain logic and rules . These logic and rules are all embodied in a successful Trade Management System. Advanced Trade Manager is a combination of different trade management systems desi
Pivots Dashboard
Nesimeye Oswald
5 (3)
Pivots Dashboard is the single most complete instruments set for Pivot Points trading currently available in the market. We have done a comprehensive research prior to the product design to make sure that this product meets every need of Pivot Point trading. Pivots Points are significant levels technical analysts can use to determine directional movement and potential support/resistance levels. Pivot Points are thus predictive or leading indicators. While the points were originally used by floor
Volume Strength 28
Nesimeye Oswald
3.75 (8)
Version 1.6 ! Volume Strength 28 is better , easier to use and more awesome ! Based on complaint we got from the reviews, we understood many don't know how to really use the time frame setting on the input menu thus they have complaints of volatility, thus we have designed an Automatic Time Frame selection system that is suitable for novice traders.! The design of the indicator has been changed along with some calculation metrics. Based on complaints of high volatility we have been getting ,we h
Wolfe Scanner Pro
Nesimeye Oswald
3.5 (2)
WOLFE WAVE PATTERNs First discovered by Bille Wolfe . The wolfe wave  is a 5 wave price action pattern that is formed by supply and demand in a market and the fight to reach equilibrium in the market . The entry spot of the pattern is defined by the breakout of the trend created by wave 1 and wave 3 . This pattern forms in any market where there is supply and demand thus it can also be used to trade commodities and stocks. Wolfe Waves are reversal patterns that usually carry a low risk margin. P
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Tony Gregg
666
Tony Gregg 2023.10.13 17:00 
 

So far seems like a very good indicator. I like all the settings options available.

Millymakeup123
50
Millymakeup123 2023.07.13 09:38 
 

Purchased this indicator from Nesimeye a few weeks back. Have been using it everyday on the M15. Monitoring around 9 pairs and fine tuning the PA at the start of every trading session. Basically, its excellent. Once you dial in the pattern amplitude, you can have full faith in the signals. Nesimeye is also very quick to answer any questions and very helpful too. Highly recommend, excellent.

h1107a14
132
h1107a14 2022.08.10 16:36 
 

Ich habe den Indikator vor ein paar Tagen gemietet und die Ergebnisse waren sehr gut. Aber seit heute Mittag reagiert meine Plattform nicht mehr, selbst wenn ich den Indikator rausnehmen wollte, MT4 reagiert nicht. Schade wie kann man das Proplem lösen? bitte geben sie mir einen Rat.

Nesimeye Oswald
85137
Risposta dello sviluppatore Nesimeye Oswald 2022.08.10 16:55
Very sorry that you are experiencing this sir. Have you tried using the latest version 1.1 ? . Also as general rule , don't use too much history
Peter Fenderson
1174
Peter Fenderson 2021.12.08 18:01 
 

This is an excellent indicator for finding reversal patterns, I like everything about it: the Accuracy display is excellent for fine tuning the settings and the push notification is great for alerting me by phone when a setup has formed. I am having a lot of success with this indicator, it is the only one on MQL5 that I can find that finds reversal and breakout patterns and displays perfect fibonacci entries. I am using it to scan 12 different pairs simultaneously with great success. Thanks to the author, this indicator works great and I highly recommend it.

Mr Jack Joseph Wilson
19210
Mr Jack Joseph Wilson 2021.08.10 22:40 
 

Currently testing - so far seems great. Solid system and really easy to use. Especially like the GUI interface! Will update this review after more testing and trading. Great work!

Nesimeye Oswald
85137
Risposta dello sviluppatore Nesimeye Oswald 2021.08.10 22:41
Thanks for the review sir. Please don't hesitate to contact me if you need any support
Rispondi alla recensione
Versione 1.5 2023.07.01
Fixed a minor bug from the last version
Versione 1.4 2023.05.15
Statistics Dashboard Updated
Versione 1.2 2022.10.11
We have upgraded the load time to make the indicator work faster and use less computer resources.
Versione 1.1 2022.08.07
This version has been updated to solve platform freezing issue. The issue is caused when an Mt4 platform does not come with a default indicator which is used by this indicator. This default indicator has now been coded directly into the indicator to prevent freezing .