Technical Indicators for MetaTrader 4

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MetaTrader 4

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Equilateral Triangle MT5

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Indicators
MetaTrader 5
Satya Prakash Mishra
2.0
5

Overview

Equilateral triangle trading strategy, which is a technical analysis pattern used in financial markets.

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An equilateral triangle is a triangle that has three equal sides. It is a special case of an isosceles triangle in the modern definition, stating that an isosceles triangle is defined at least as having two equal sides.[1] Based on the modern definition, this leads to an equilateral triangle in which one of the three sides may be considered its base.[2]

The follow-up definition above may result in more precise properties. For example, since the perimeter of an isosceles triangle is the sum of its two legs and base, the equilateral triangle is formulated as three times its side.[3][4] The internal angles of an equilateral triangle are equal, 60°.[5] Because of these properties, the equilateral triangles are regular polygons. The cevians of an equilateral triangle are all equal in length, resulting in the median and angle bisector being equal in length, considering those lines as their altitude depending on the base's choice.[5] When the equilateral triangle is flipped across its altitude or rotated around its center for one-third of a full turn, its appearance is unchanged; it has the symmetry of a dihedral group  D 3  of order six.[6] Other properties are discussed below.


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