FLAG PENNANT SCANNER
( Mt4 Indicator )
Flag Pennant Scanner Trader is a Multi-Time frame and Multi-Currency scanner for Flag and Pennant chart patterns. All currency pairs are scanned and monitored from one chart. The pattern display is designed into Visual chart Patterns Displays and Dashboard Displays. All scanned Flag Patterns are displayed automatically on all opened charts from one single chart. Both completed and In-Progress Flag/Pennant Patterns are scanned. Coupled with the Pattern Scanner, this product is also equipped with over 3 Flag/Pennant Trading strategies that are popularly accepted in the forex community.
What are flag/Pennant Patterns ?
Flag or Pennant chart patterns are trend continuation patterns that can easily be identified by three basic elements:
- The trend (Flag Pole)
- A Consolidation (The Flag)
- Trend Continuation
Because these patterns are traded in the direction of the trend, they are low risk patterns with huge profits potential.