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Flag and Pennant patterns - indicador para MetaTrader 4
- Visualizações:
- 65598
- Avaliação:
- Publicado:
- 2015.08.24 15:43
- Atualizado:
- 2016.11.22 07:32
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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.
Settings:
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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