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Flag Pattern Scanner v5

Contact me for instruction, any questions!


Related Product: Gold Trade Expert MT5

Introduction

Flag patterns are an important tool for technical traders in the stock market. When interpreting a flag pattern, it is important to wait for the pattern to pick a direction before entering a trade, as flags are generally considered to be a period of consolidation where the price of a security is caught in a range after a sharp move. It is essential to note that flags can occur in both bullish and bearish markets and can appear in various shapes, as mentioned previously. Therefore, it is crucial to analyze the pattern’s direction, shape, and volume before making a trading decision based on a flag pattern.

A flag can be used as an entry pattern for the continuation of an established trend. The formation usually occurs after a strong trending move. The pattern usually forms at the midpoint of a full swing and shows the start of moving. Bullish flags can form after an uptrend, bearish flags can form after a downtrend.


Flag Pattern Scanner Indicator

It is easy for a trader to recognize patterns on scanner chart by scanning many charts and time frames in same time without trader's mistake in calculations. This indicator can automatically scan all symbols and time frames to find possible patterns in one chart.

Scan, Fibonacci calculations and pattern recognition are completely done by Flag Pattern Scanner indicator; All you do is "press the scan button". It sends alert and push notification on your mobile.


How To Work

Default setting is best practice and you can just add it on chart and use Flag Pattern Scanner indicator, then you have signals with entry point, stop-loss, and take-profit by clear signal to decide a strong trade.



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Tailored for precision and efficiency, Gold Blitz Scalping Indicator is optimized to provide the best results on all timeframes. This Indicator Version will only work if the XAUUSD Market move between 2000 to 3000 Range. If Market Move Higher or Lower than our range then we will release next update. Key Features: Advanced AI Neural Networks: Harness the power of cutting-edge AI to achieve unparalleled accuracy. Non-Repaint: Guarantees reliable signals without repainting for consistent performanc
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