Flag patterns are a type of price action analysis used in forex trading to identify potential market trends. A flag pattern is formed when there is a sharp price movement, known as a flagpole, followed by a period of consolidation, which creates a rectangular or flag-like shape on a price chart.
The flag pattern typically indicates a continuation of the prior trend, with traders looking to enter the market in the direction of the original trend once the consolidation period is complete. The breakout from the flag pattern is often accompanied by higher volume, which can provide additional confirmation of the trend continuation.
This Indicator is a free version of the Flag Pattern Pro indicator . This version only works for EURCAD H1 (1 Hour) . To use for all pairs and time frames , get the pro version on this link : Click Here to Get Flag Pattern Pro
HOW THIS PRODUCT IS DIFFERENT FROM OTHER INDICATORS
We at Forex Robot Makers strive for high quality of the products we develop. Some features of this product stand out includes :
- Non-Repaint : All patterns are non repaint
- Non-Backpaint : All Patterns are non back paint
- Detailed Statistics Dashboard : The indicator comes with a detailed statistics dashboard with accurate values
- Accuracy Calculated : Patterns Accuracy are calculated correctly and displayed on dashboard
- Profit Calculated : Sometimes accuracy might not show true profit. This product also calculates Net Profit along with Accuracy.
HOW TO USE
The indicator can be used on any pair and time frame ( This Free Version Only works on EURCAD H1) . We designed it to be as simple to use as possible .
With the statistics dashboard , you can manipulate the settings to see what works best for you. Just look at the best Accuracy and highest TP1 profit and TP2 Profit you can get !
SETTINGS / TRADING MANUAL
To get more detailed description of this product and how to use it , including explanation of the settings . Please go to the Flag Pattern Pro page to get any detailed explanation you need.
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