Pennants 2.0

Metatrader (MT4/MT5) Indicator

"War does not determine who is right, only who is left."
- Bertrand Russell
This indicator finds pennants, which are continuation patterns identified by converging trendlines surrounding a price consolidation period.
  • Easy to use
  • Customizable colors and sizes
  • It implements breakout signals
  • It implements alerts of all kinds
Boost your trading activity with the most flexible Triangle Patterns indicator ever created for the Metatrader platform.

Settings and Input Parameters

When loading the indicator to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

Indicator Settings
The amplitude reprents the size of the patterns to be found. The max. history bars parameter is the amount of bars in the chart to look back. Less bars to evaluate means the indicator will load faster.
Pattern Settings
Choose the colors of the patterns.
Breakouts
The indicator implements breakouts to make trading easier. You can choose the size and color of the arrows.
Alerts
Enable or disable alerts at will.
Frequently Asked Questions
Does the indicator repaint?
Some triangles seem to be missing from the chart
Does the indicator implement alerts?