This index finds pennants, which are continuation patterns that are depending on converging
trend lines surrounding the cost consolidation interval. contrasts are signaled using a breakout period together with a breakout
layer.

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• simple to usage
• Customizable colors and dimensions
• Implements breakout signs
• It implements alerts of all kinds

Optimal use

To see pennants of all dimensions that may overlap, load the indicator on the graph several times with different sizes,
for example, 6, 12, 18 and 24.

Input signal parameters

• Size: The size of the saw patterns, expressed as columns between alternative points.
• Breakout Period: Donchian Period for breakout signals
• Maximum. History bars: the number of past bars to analyze on the chart
• Color of bull patterns: this parameter is self-explanatory
• Bear pattern color: This parameter is self-explanatory
• Color of continuous patterns: this parameter is self-explanatory
• Line width: the size of the drawing lines
• Bullish Breakout Color: This is the color of the buy arrows
• Color of bearish breakouts: this is the color of the arrows for sale
• Arrow size: This is the size of the arrows displayed on the chart
• The name of the custom alert: custom signature for alerts generated by this graph
• Display alerts: Enable or disable alerts on the screen
• Email Alerts: Enable or disable email notifications.
• Push Alerts: Enable or disable Push Alerts.
• Sound Alerts: Enable or disable sound alerts.
• Audio file: An audio file that plays when a warning appears on the screen.

author

Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.