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Pennants and triangles scanner

This indicator identifies high-probability breakout patterns. It does this by identifying strong, symmetrical pennants and triangles. This pattern DOES NOT appear very often on higher timeframes. But when it does, it is a very high-probability setup.

The indicator also includes an Inside bars scanner.


  • Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market.
  • Monitors every timeframe, from M1 to MN, and sends you a real-time alert when a pennant, triangle or inside bar formation is identified.
  • The indicator includes an interactive panel. Please see separate screenshot.

It is enough to place the indicator on one chart and you will receive an alert from any symbol and any time frame of your choice.

I recommend you to put the indicator on a EURUSD M5 chart, preferable a clean chart without any other indicators or Expert Advisors on it.

Please note that due to the multifunctionality neither buy/sell advice nor lines and arrows will be drawn on the chart.

Wan Ping Fei
Wan Ping Fei 2018.11.30 07:40 

Great indicator, I love it

Marcin Dariusz Lukasik
Marcin Dariusz Lukasik 2017.11.18 00:17 

You sell very good tools at a good price. Thank You. Keep it up!

Plamen Ivanov
Plamen Ivanov 2017.11.03 09:43 

One of the most powerful tools in trading and a great seller! I recommend downloading this book /google it, it's free/ - "Encyclopedia of Chart Patterns" by Thomas N. Bulkowski.

Update: Great signals so far. Works great on indexes as well.

Aravind 2017.06.18 05:26 

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Версия 1.6 2019.03.24
- added the possibility to set minimum and/or maximum candle size for the master (first) bar in a inside bars formation
Версия 1.5 2019.03.19
Version 1.5:
- added an option to disable scanning of Pennent and Triangles (only inside bars will be scanned)

Version 1.4:
- lines will now also be drawn on inside bars when opening a chart from the panel
- added a parameter for the line color
Версия 1.3 2019.02.17
- lines will now be drawn on the chart which is opened when you click on a Pennant/triangle signal in the panel. This in order to
to better visualize the formation
- added an option to use symbols from the Market Watch window instead of the symbols written in the Symbols parameter
Версия 1.2 2018.11.28
- added an interactive panel to the chart where the indicator has been loaded.
Версия 1.1 2017.07.17
- добавление сканирование групп внутренних баров