Forex Flag Pennant Patterns Indicator
Forex Flag Pennant Patterns Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to candlestick patterns. It can send alerts. It has 4 settings, for example Channel Period (default 14), Slope Period (default 50) and Pennant Pattern Facter (default -10). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Flag Pennant Patterns Indicator
Forex Flag Pennant Patterns Indicator is an indicator for MetaTrader 4. It can alert you with a pop-up, sound, email or push message. It has 4 settings, such as Channel period, Slope period and Pennant pattern facter. MQL source code included.
Files in the download: flag_and_pennant.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Channel period | 14 | Channel Period |
| Slope period | 50 | Slope Period |
| Pennant pattern facter | -10 | Pennant Pattern Facter |
| Flag pattern facter | 5 | Flag Pattern Facter |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Alerts · MT4 Indicator · MQL4 Source Code