The flag and pennant patterns foreign exchange indicator displays flag and pennant patterns for any endorsed currency pair on any recommended time frame. Flags and pennant patterns are regarded to be continuance patterns. Specifically, the price is probably to continue shifting in the movement of the initial trend once the currency pair breaks on top or beneath the pennant or flag design.
For purchase signal: First, observe for an upward trend. Then purchase when the price ends on top of the flag or pennant design.
For an auction signal: First, observe for a downward trend. Then auction when the currency price bypasses beneath the flag or pennant design.
- This forex indicator can be utilized on any endorsed currency pairs.
- Suitable for one minute and beyond time frames.
- The recommended trading sessions are one minute and five minute charts, London and US sessions. All exchanging sessions on top of the five minute time frame.
- Channel period, pennant pattern factor, slope period and flag pattern factor are the configurable options for this forex indicator.
The EUR/USD Thirty Minutes Instance Chart
Utilize this forex Indicator at your own risk. Windsor Forex cannot be responsible for any losses associated with utilizing any forex indicator presented on the site. It’s not recommended to utilize this indicator on the real account without testing it on demo first.