Pennants are continuation patterns that form after a strong move as the market consolidates before pushing on. This indicator flags bullish and bearish pennants and uses RSI to confirm the momentum behind the breakout.
Best combined with trend direction and price action — treat every signal as confluence, not a standalone entry.
Specifications
- Platform: MT4 / MT5
- Pairs: Any
- Time-Frame: Any
- Broker: Any
Key Features
- Bullish & bearish pennants
- RSI momentum confirmation
- Continuation-trade focus