Introduction


Tired of missing those classic pennants setups on your charts? Look no further—Pennants Pattern Finder 3.0 Indicator MT4 is here, totally free on ForexFactory.cc, powered by YoForex. We’ve tweaked and stress-tested it live; this baby spots both bullish and bearish pennants in real time so you don’t have to stare at charts all day. Pretty neat, huh? Whether you’re a newbie or a seasoned pro, you’ll love how it highlights breakouts and consolidation zones automatically. Ready to see it in action? Let’s jump right in…


Overview


Pennants Pattern Finder 3.0 Indicator MT4 is a lightweight MetaTrader 4 tool that scans your price action for triangular consolidation formations—commonly called pennants. Once it detects a valid pattern, it draws clear trendlines and signals a potential breakout direction. No repainting, no false alerts—just pure pattern logic. YoForex’s dev team ran this on 15+ years of tick data and fine-tuned its sensitivity settings for major pairs like EURUSD, GBPUSD, and USDJPY. Now you get that same pro-grade analysis for zero cost. Check out more tools in the Indicator section or see what traders are saying in our User Reviews.


Key Features


• Automatic pennant detection on all timeframes
• Bullish & bearish breakout alerts with push/email notifications
• Customizable lookback period and pattern size filters
• No repainting—signals lock in on close of pattern formation
• Works on Forex, commodities, indices—any MT4 symbol
• Built-in volatility filter to reduce noise in ranging markets
• One-click “Highlight Mode” to emphasize active patterns
• Lightweight code—minimal CPU usage even on multiple charts
• Free lifetime updates by YoForex


Backtest Proof & Live Performance




Installation & Setup



  1. Download from ForexFactory.cc:
    https://www.forexfactory.cc/showthread.php?t=234567

  2. Unzip and copy PennantsPatternFinder3.ex4 into your MT4/Indicators folder.

  3. Restart MT4; open the Navigator panel under “Indicators.”

  4. Drag “Pennants Pattern Finder 3.0” onto any chart.

  5. Adjust inputs: lookback period, pattern size, and notification prefs.

  6. Click OK—watch it highlight pennants automatically.


Simple plug-and-play, coz ain’t nobody got time to fiddle for hours.


Why YoForex Tools?


YoForex builds its indicators with transparency and trader-first ethos. All our tools, including Pennants Pattern Finder 3.0 Indicator MT4, come with free lifetime updates, detailed backtest reports, and an open channel for feedback. We’re traders too—so you’ll always get clear instructions, no hidden settings, and prompt support when you need it. Browse our Newest EAs for more freebies.


Support & Disclaimer


Need help? Hit us up on WhatsApp or Telegram anytime—free support:



Past results aren’t a promise of future profits. Always demo-test before going live, and trade with proper risk management. Indicators can guide you—but the final call is yours.


Call to Action


Ready to catch every pennant on your charts? Download Pennants Pattern Finder 3.0 Indicator MT4 now—100% free on ForexFactory.cc. Plug it in, tweak a few settings, and let the pattern-finder do the rest!


FAQ


Q: Is this really free?
A: Absolutely—no subscriptions, no hidden fees.


Q: Which symbols work best?
A: Major FX pairs, gold, oil, indices—you name it.


Q: Can I get alerts on my phone?
A: Yep—just enable push or email notifications in Inputs.


Author: Sayan Singh



YoForex—empowering traders worldwide, one free tool at a time.