Tradingview users, hereβs your chance to jump onβ¦
Bull Bear Flag combines pattern recognition and momentum trading strategy, to confirm the strength of the trend, and identify great entries for breakout and trend trading
The indicator draws beautiful Bull and Bear flag patterns on your chart:
No more indecision when facing a trend continuation, catch highly profitable entries of breakout instead
Dear Trader,
I want you to picture this:
You wake up in the morning and pull up your TradingView chart to see that EURUSD has shot up to a major resistance level and is moving sideways aimlessly.
Will it reverse or will it run?
You fiddle with indicators. In one instance, your interpretation says it will run. But, then, you look at it another way, and it seems as if it will reverse.
Youβre undecided.
This is where the BULL BEAR FLAG indicator for TradingView solves your problem.
It Spots The Bull/Bear Flag Patterns And Identifies High-Probability Trade Setups For Breakout And Trend Tradingβ
If you look at the graphic above, you can quickly see the beautifully drawn Bull flags in blue/green colors, and Bear flags in red/yellow colors. Itβs never been easier to identify the patterns on your charts.
You can easily tell whether the market will go UP or DOWN, right?
Good
Now, based on the detected patterns, the indicator will spot when breakouts are about to occur to give you precise entries with suggested SL/TP levels.
Letβs have a look at this introduction below to see how great this indicator is in action.
The Bull Bear Flag Pattern Tells You Exactly Where You May Enter A Breakout Or Trend-Following Trade
One glace at the bull bear flag and youβll immediately KNOW when to enter a breakout or trend trade. Hereβs how it works:
The pattern consists of 2 components; The flag and the pole.
- The flag represents a pause in the current trend. It indicates a potential breakout point and where the price is likely to resume its initial trend direction.
- The length of the flagpole is frequently used to forecast price movement following a breakout from the flag pattern. It means that you can use the measurement to determine profit targets for your trades.
Hereβs How You Can Use The Bull Bear Flag Pattern To Identify Great Entries:β
You wait for the price to break past the upper/lower boundary of the flag pattern on increased volume, suggesting the potential continuation of the current trend.
When the breakout occurs, you enter a long (buy)/short (sell) position.
But it gets even betterβ¦
As close as it gets to a COMPLETE, AUTOMATED trading solution
Hereβs the thing: You see, everyone knows that bull bear flag patterns work great, but the fact is, thereβs not a lot of traders that use this amazing pattern in their trading everyday.
Hereβs why: it takes a long of time to spot and mark out a pattern with the naked eye.
And we never know if weβve detected the correct pattern.
With the Bull Bear Flag indicator, everything becomes very easy. It does almost all the heavy lifting for you: Automatically detect flag patterns, predict breakouts, and give you great entries.
So You Can Enter Winning Trades At The Right Time.
But thatβs not allβ¦
- Rarity and uniqueness: There are very few indicators on the market that help to detect bull flag and bear flag patterns. And the way they work is nowhere near advanced. This indicator boosts the accuracy in spotting high-probability trade setups , by looking for additional technical confirmation signalsβ¦.
- Additional confirmation signals: The indicator validates a Bull/Bear Flag pattern if the price has increased volume during the period the flagpole is formed. This additional confirmation signal helps minimize the occurrence of false breakouts.
- Visual pattern detection: The beautifully drawn rectangles in blue/green colors for Bull flag pattern, and red/yellow colors for Bear flag pattern make it easy to identify the patterns on your charts.
- High-probability Entries: Based on the detected patterns, the indicator can spot when breakouts are about to occur to give you precise entries. Youβll also get suggested SL/TP levels.
Setting Manuals
1/ Indicator Setting β Bull Bear Flag
Min Count of Consecutive Candles: Set minimum consecutive candles for a valid pattern.This helps in identifying stronger trends.
Min Count of Pullback Candles: Define minimum pullback candles for trend confirmation. This assists in confirming trend continuation.
SL & TP Settings:
ATR Period for SL Shift: Choose periods for ATR-based stop loss adjustment.
SL Shift Coefficient: Set how much ATR influences stop loss movement.
TP Coefficient: Define take profit distance as a ratio of the stop loss.
STYLING:
Bullish Pole Color: Choose the color for the pole of a Bullish flag pattern on the chart.
Bullish Flag Color: Select the color for the flag portion of a Bullish flag pattern.
Bearish Pole Color: Set the color for the pole of a Bearish flag pattern.
Bearish Flag Color: Determine the color for the flag portion of a Bearish flag pattern.
Up Arrow Color: Pick a color for the arrow indicating a bullish signal.
Down Arrow Color: Choose a color for the arrow showing a bearish signal.
Up/Down Arrow Size: Adjust the size of the up and down arrows for better visibility.
Display TP/SL on Chart: Toggle to show or hide the take profit and stop loss levels directly on the chart.
TP Color: Set the color for the take profit line or marker.
SL Color: Choose the color for the stop loss line or marker.
Max Bars to Calculate: Determine the maximum number of bars the indicator should use for its calculations, affecting how far back the analysis goes.
2/ How can I set up alerts?
To stay updated on potential trading opportunities, you can set up alerts within the Bull Bear Flag.
Step 1: From the indicator settings, customize your alerts by defining your desired parameters. The selected configurations will be used for notifications in Step 2.
Step 2: To receive notifications through the app, pop-ups, alert emails, Webhook URL, sound alerts, or email-to-SMS, enable these features by clicking on TradingViewβs βAlertβ icon.
Step 3: Select Bull Bear Flag from the βConditionβ dropdown list:
Step 4: A pop-up will appear as follows. You click on βNotificationsβ.
Step 5: You choose the types of notifications youβd like to receive and click the βCreateβ button.
FAQ
After purchasing, youβll fill out a short form that asks for your Tradingview username. And then, weβll grant your username access to all our indicators within 24 hours.
It works on ALL markets internationally that are available on Tradingview: FX, stocks, indices, commodities, futures, etcβ¦
All sales are final and non-refundable.
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Join our exclusive TV Champ membership and grab ALL our custom indicators for Tradingview. To see the full list of all indicators included in the TV Champ membership, click hereβ¦
Platform: TradingView
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- All updates
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Platform: TradingView
- One-time payment
- Lifetime access
- All custom indicators (Listed hereβ¦)
- All updates
- All NEW indicators that weβll release
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