Flag and Pennant patterns

Flag and Pennant patterns

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This indicator shows Flag and Pennant patterns.

This pattern is seen as the market potentially just taking a “breather” after a big move before continuing its primary trend.

Trend detection uses linear regression, “breather” detection uses channel.

Display:

  • Blue lines — Flag;
  • Green lines — Pennant.
flag_and_pennant.png
Author
Salvador
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