KT Power Pennant Pattern Indicator
MT4 | MT5

Features

• Pennant patterns provide a low-risk entry after a period of consolidation, followed by a breakout.
• When combined with other methods of technical analysis, the signals provided by the KT Power Pennant pattern indicator can be advantageous.
• Consolidation period with lower volume followed by a breakout with increasing volumes provides a high chance of price continuation in trend direction.
• All Metatrader alerts implemented. 

Bullish Pennant Pattern

Bearish Pennant Pattern

Input Parameters of KT Power Pennant Pattern indicator

• History Bars:  The number of bars to find historical pennant patterns.
• Pattern Magnitude: An integer value that decides the pennant pattern magnitude and size.
• Pattern Formation Color: The color of trend-lines that form the pattern.
• Pattern Formation Width: The width of trend-lines that from the pattern.
• The rest of the inputs are self explanatory.