{"id":2746,"date":"2026-11-09T23:43:15","date_gmt":"2026-11-09T23:43:15","guid":{"rendered":"https:\/\/patternsmart.com\/wp\/?p=2746"},"modified":"2026-11-10T04:54:16","modified_gmt":"2026-11-10T04:54:16","slug":"broadening-formation-chart-pattern-indicator-for-mt4","status":"publish","type":"post","link":"https:\/\/patternsmart.com\/wp\/broadening-formation-chart-pattern-indicator-for-mt4\/","title":{"rendered":"Broadening Formation Chart Pattern Indicator for MT4"},"content":{"rendered":"<link rel=\"stylesheet\" href=\"https:\/\/fonts.googleapis.com\/css2?family=Bricolage+Grotesque:opsz,wght@12..96,500..800&#038;family=IBM+Plex+Mono:wght@400;500&#038;family=IBM+Plex+Sans:wght@400;500;600&#038;display=swap\"><style>.bfp{--bg:#f3f5f9; --surface:#ffffff; --surface-2:#e8edf5; --fg:#0e1624; --muted:#4a586d; --line:#d5dce8; --accent:#ee7d12; --on-accent:#1a0e00; --accent-ink:#b04b00; --lime-ink:#37820a; --blue-ink:#2c5aa3; --chart-bg:#0c1320; --chart-grid:#1a2538; --chart-text:#8d9fb8; 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type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"SoftwareApplication\",\"name\":\"Broadening Formation Chart Pattern Indicator for MT4\",\"applicationCategory\":\"FinanceApplication\",\"operatingSystem\":\"MetaTrader 4 (Windows)\",\"description\":\"A MetaTrader 4 chart-window indicator that automatically detects broadening formation (megaphone) patterns, draws the upper and lower trendlines, projects them forward and sends sound alerts.\",\"featureList\":[\"Automatic broadening formation detection\",\"Small, medium and large pattern sizes\",\"Upper and lower trendlines drawn on the chart\",\"Forward projection lines\",\"Sound and Experts log alerts\",\"Latest-pattern-only mode\",\"Custom line colors and widths\",\"Works on any symbol and timeframe\"]}<\/script><script type=\"application\/ld+json\">{\"@context\": \"https:\/\/schema.org\", \"@type\": \"FAQPage\", \"mainEntity\": [{\"@type\": \"Question\", \"name\": \"What does a broadening formation indicator do?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"It scans price for the broadening formation, also known as the megaphone pattern, where swing highs keep rising and swing lows keep falling. When it finds one, it draws the upper and lower trendlines on your MT4 chart, projects them forward and can alert you.\"}}, {\"@type\": \"Question\", \"name\": \"Does it work on every symbol and timeframe?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"Yes. It runs on any symbol your broker offers in MetaTrader 4, from forex pairs to metals, indices and crypto CFDs, and on every timeframe from M1 to monthly.\"}}, {\"@type\": \"Question\", \"name\": \"What is the difference between small, medium and large patterns?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"The three sizes look for formations of different scales. Small suits quick intraday structures, medium suits everyday trading, and large picks up wide, slow-forming structures on higher timeframes. You can enable any combination.\"}}, {\"@type\": \"Question\", \"name\": \"How do the alerts work?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"With alerts enabled, the indicator plays a sound file and writes a message to the Experts log when a formation appears on the live bar. The default sound is notify.wav, and you can point it at any file in your MT4 Sounds folder.\"}}, {\"@type\": \"Question\", \"name\": \"Does it place trades for me?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"No. It is an analysis tool that marks patterns on your chart. It does not open, modify or close orders, so every trading decision stays with you.\"}}, {\"@type\": \"Question\", \"name\": \"Can the signal change while a bar is still forming?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"Yes. The indicator evaluates every bar, including the one still forming, so a formation flagged on the live bar can change before that bar closes. Many traders wait for the bar to close before acting on it.\"}}, {\"@type\": \"Question\", \"name\": \"Can I keep only the latest pattern on the chart?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"Yes. Turn on the latest-only option and the indicator keeps just the most recent formation, removing older lines as new ones appear.\"}}, {\"@type\": \"Question\", \"name\": \"Can I read the signal from an Expert Advisor?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"The indicator exposes one data buffer that holds a value on bars where a formation is detected. You can read it from your own tools with iCustom.\"}}, {\"@type\": \"Question\", \"name\": \"Does a broadening formation guarantee a profitable trade?\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"No chart pattern does. Broadening formations can be volatile and unpredictable, so use the indicator alongside your own analysis, confirmation and risk management.\"}}]}<\/script><div class=\"bfp\"><div class=\"wrap top\"><a class=\"brand\" href=\"#top\" aria-label=\"Broadening Formation Indicator for MT4\"><svg width=\"30\" height=\"30\" viewBox=\"0 0 30 30\" aria-hidden=\"true\"><rect width=\"30\" height=\"30\" rx=\"7\" fill=\"#0c1320\"\/><path d=\"M6 15.5 24 8\" stroke=\"#ff9a2e\" stroke-width=\"2.4\" stroke-linecap=\"round\" fill=\"none\"\/><path d=\"M6 15.5 24 23\" stroke=\"#8de63f\" stroke-width=\"2.4\" stroke-linecap=\"round\" fill=\"none\"\/><\/svg><span>Broadening Formation<\/span><\/a><nav class=\"nav\" aria-label=\"Page sections\"><a class=\"nl\" href=\"#what\">The pattern<\/a><a class=\"nl\" href=\"#features\">Features<\/a><a class=\"nl\" href=\"#settings\">Settings<\/a><a class=\"nl\" href=\"#faq\">FAQ<\/a><a class=\"btn sm\" style=\"background:#ee7d12;color:#1a0e00;text-decoration:none\" href=\"#get\">Get the indicator<\/a><\/nav><\/div><div id=\"top\"><section class=\"hero\" aria-labelledby=\"h1\"><div class=\"wrap hero-grid\"><div><p class=\"eyebrow\">MetaTrader 4 indicator<\/p><h1 id=\"h1\">Broadening Formation Chart Pattern Indicator for MT4<\/h1><p class=\"lead\">Find expanding-range megaphone patterns the moment they form. 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stroke-linecap=\"round\"\/><text x=\"62\" y=\"38\" fill=\"#8d9fb8\" font-size=\"11\" font-family=\"IBM Plex Mono, Consolas, monospace\">Upper boundary<\/text><line x1=\"30\" x2=\"52\" y1=\"53\" y2=\"53\" stroke=\"#8de63f\" stroke-width=\"2.4\" stroke-linecap=\"round\"\/><text x=\"62\" y=\"57\" fill=\"#8d9fb8\" font-size=\"11\" font-family=\"IBM Plex Mono, Consolas, monospace\">Lower boundary<\/text><line x1=\"30\" x2=\"52\" y1=\"72\" y2=\"72\" stroke=\"#d4e6ff\" stroke-width=\"2.4\" stroke-dasharray=\"2 5\" stroke-linecap=\"round\"\/><text x=\"62\" y=\"76\" fill=\"#8d9fb8\" font-size=\"11\" font-family=\"IBM Plex Mono, Consolas, monospace\">Projection<\/text><circle cx=\"41\" cy=\"91\" r=\"4.5\" fill=\"#ffd60a\"\/><text x=\"62\" y=\"95\" fill=\"#8d9fb8\" font-size=\"11\" font-family=\"IBM Plex Mono, Consolas, monospace\">Detection<\/text><\/svg><\/div><figcaption class=\"chart-cap\">Illustrative chart. Orange and lime are the default boundary colors, dotted lines are the forward projection, and the yellow dot marks a detection.<\/figcaption><\/figure><\/div><\/section><section class=\"what\" id=\"what\" aria-labelledby=\"h-what\"><div class=\"wrap two\"><div><div class=\"sec-head\" style=\"margin-bottom:28px\"><p class=\"eyebrow\" style=\"margin:0\">The pattern<\/p><h2 id=\"h-what\">What is a broadening formation?<\/h2><\/div><div class=\"prose\"><p>A <strong>broadening formation<\/strong>, also called a <strong>megaphone pattern<\/strong> or <strong>broadening wedge<\/strong>, is a chart structure where each swing high is higher than the last and each swing low is lower than the last. Triangles and wedges squeeze price toward a point. A broadening formation does the opposite: the range opens up and the two trendlines spread apart.<\/p><p>That widening shows up when volatility is rising and neither buyers nor sellers are in control. Traders watch it near major turning points and in news-driven markets, and use it as context for both reversals and breakouts.<\/p><p>The pattern is easy to miss and slow to draw. It needs two rising highs and two falling lows in the right order, and the shape keeps changing as new bars print. The Broadening Formation Chart Pattern Indicator for MT4 does that scanning for you, on every bar, so you can spend your time on the trade instead of the trendline.<\/p><\/div><\/div><aside class=\"legend\" aria-label=\"What the indicator draws\" style=\"background:#0c1320;color:#eef3fb;border:1px solid #24324a;border-radius:10px;padding:24px\"><h3 style=\"color:#eef3fb;margin:0 0 18px\">What you see on the chart<\/h3><dl><div style=\"margin:0 0 16px\"><dt style=\"display:flex;align-items:center;gap:12px;font-weight:600;color:#eef3fb;margin:0\"><span class=\"sw up\" style=\"display:inline-block;flex:none;width:40px;height:0;border-top:3px solid #ff9a2e\"><\/span>Upper boundary<\/dt><dd style=\"margin:4px 0 0 52px;color:#9fb0c8;font-size:.9rem;line-height:1.5\">A trendline through the two swing highs of the formation. Orange by default.<\/dd><\/div><div style=\"margin:0 0 16px\"><dt style=\"display:flex;align-items:center;gap:12px;font-weight:600;color:#eef3fb;margin:0\"><span class=\"sw lo\" style=\"display:inline-block;flex:none;width:40px;height:0;border-top:3px solid #8de63f\"><\/span>Lower boundary<\/dt><dd style=\"margin:4px 0 0 52px;color:#9fb0c8;font-size:.9rem;line-height:1.5\">A trendline through the two swing lows. Lime by default.<\/dd><\/div><div style=\"margin:0 0 16px\"><dt style=\"display:flex;align-items:center;gap:12px;font-weight:600;color:#eef3fb;margin:0\"><span class=\"sw ex\" style=\"display:inline-block;flex:none;width:40px;height:0;border-top:3px dotted #d4e6ff\"><\/span>Projection lines<\/dt><dd style=\"margin:4px 0 0 52px;color:#9fb0c8;font-size:.9rem;line-height:1.5\">Dotted extensions that carry both boundaries forward so you can see where they run next.<\/dd><\/div><div style=\"margin:0 0 16px\"><dt style=\"display:flex;align-items:center;gap:12px;font-weight:600;color:#eef3fb;margin:0\"><span class=\"sw dot\" style=\"display:inline-block;flex:none;width:12px;height:12px;margin:0 14px;border-radius:50%;background:#ffd60a\"><\/span>Detection dot<\/dt><dd style=\"margin:4px 0 0 52px;color:#9fb0c8;font-size:.9rem;line-height:1.5\">A yellow dot on each bar where a formation is detected.<\/dd><\/div><\/dl><\/aside><\/div><\/section><section id=\"features\" aria-labelledby=\"h-feat\"><div class=\"wrap\"><div class=\"sec-head\"><p class=\"eyebrow\">Features<\/p><h2 id=\"h-feat\">Everything you need to trade megaphone patterns on MT4<\/h2><p>A chart-window indicator built for one job: finding broadening formations quickly, drawing them clearly and telling you when a new one appears.<\/p><\/div><div class=\"feat\"><article><h3>Automatic pattern detection<\/h3><p>Scans the visible history and every new bar for broadening formations. No manual trendlines, no counting swings, no second-guessing which highs to connect.<\/p><\/article><article><h3>Small, medium and large sizes<\/h3><p>Look for compact formations, mid-sized ones or wide structures. Switch each size on or off to match the scale you trade.<\/p><\/article><article><h3>Trendlines drawn for you<\/h3><p>The upper and lower boundaries are placed on the chart as standard MT4 trend lines, so they stay visible, selectable and easy to inspect.<\/p><\/article><article><h3>Forward projection lines<\/h3><p>Dotted extensions show where both boundaries are heading. Set how many bars they run ahead to fit your timeframe.<\/p><\/article><article><h3>Sound and log alerts<\/h3><p>When a formation appears on the live bar, the indicator plays your chosen sound file and writes a message to the Experts log, so you do not have to watch the screen.<\/p><\/article><article><h3>Latest-pattern-only mode<\/h3><p>Keep only the most recent formation on the chart. Older lines are removed automatically, which keeps busy charts readable.<\/p><\/article><article><h3>Full control of line style<\/h3><p>Choose separate colors for the upper boundary, lower boundary and projection lines, and set the line width. Match your chart theme or make the pattern stand out.<\/p><\/article><article><h3>Detection marker and data buffer<\/h3><p>A dot marks each bar where a formation is detected, and the same value is held in an indicator buffer you can read from your own tools.<\/p><\/article><\/div><\/div><\/section><section class=\"sizes\" aria-labelledby=\"h-size\"><div class=\"wrap\"><div class=\"sec-head\"><p class=\"eyebrow\">Pattern sizes<\/p><h2 id=\"h-size\">Choose the pattern size that fits your trading<\/h2><p>Broadening formations come in different scales. Pick the sizes you care about and leave the rest off.<\/p><\/div><div class=\"size-grid\"><article class=\"size\"><svg viewBox=\"0 0 180 70\" role=\"img\" aria-label=\"Small broadening formation\"><rect width=\"180\" height=\"70\" rx=\"6\" fill=\"#0c1320\"\/><path d=\"M70 33 110 23\" stroke=\"#ff9a2e\" stroke-width=\"2.4\" stroke-linecap=\"round\"\/><path d=\"M70 37 110 47\" stroke=\"#8de63f\" stroke-width=\"2.4\" stroke-linecap=\"round\"\/><\/svg><p class=\"tag\">Small<\/p><h3>Compact formations<\/h3><p>Short structures that develop over a handful of bars. Suited to lower timeframes and fast intraday trading.<\/p><\/article><article class=\"size\"><svg viewBox=\"0 0 180 70\" role=\"img\" aria-label=\"Medium broadening formation\"><rect width=\"180\" height=\"70\" rx=\"6\" fill=\"#0c1320\"\/><path d=\"M50 34 130 18\" stroke=\"#ff9a2e\" stroke-width=\"2.4\" stroke-linecap=\"round\"\/><path d=\"M50 36 130 52\" stroke=\"#8de63f\" stroke-width=\"2.4\" stroke-linecap=\"round\"\/><\/svg><p class=\"tag\">Medium<\/p><h3>Everyday formations<\/h3><p>Mid-sized structures that fit most day trading and short swing setups. A balanced choice for general use.<\/p><\/article><article class=\"size\"><svg viewBox=\"0 0 180 70\" role=\"img\" aria-label=\"Large broadening formation\"><rect width=\"180\" height=\"70\" rx=\"6\" fill=\"#0c1320\"\/><path d=\"M20 34 160 10\" stroke=\"#ff9a2e\" stroke-width=\"2.4\" stroke-linecap=\"round\"\/><path d=\"M20 36 160 60\" stroke=\"#8de63f\" stroke-width=\"2.4\" stroke-linecap=\"round\"\/><\/svg><p class=\"tag\">Large<\/p><h3>Wide formations<\/h3><p>Big structures that take longer to build. Useful on higher timeframes for swing and position traders.<\/p><\/article><\/div><p class=\"note\">All three sizes are on by default. Turn off the ones you do not trade and the chart stays cleaner.<\/p><\/div><\/section><section id=\"how\" aria-labelledby=\"h-how\"><div class=\"wrap\"><div class=\"sec-head\"><p class=\"eyebrow\">Setup<\/p><h2 id=\"h-how\">Install the indicator and start scanning in minutes<\/h2><\/div><ol class=\"steps\"><li><div><h3>Copy the file into MetaTrader 4<\/h3><p>In MT4, choose File, then Open Data Folder. Place <code>ChartPatternBroadeningFormation.ex4<\/code> in <code>MQL4\/Indicators<\/code>. Restart MT4, or right-click the Navigator and choose Refresh.<\/p><\/div><\/li><li><div><h3>Attach it to a chart<\/h3><p>Open any symbol and timeframe, find the indicator under Navigator, Indicators, and drag it onto the chart.<\/p><\/div><\/li><li><div><h3>Pick your pattern sizes and style<\/h3><p>In the inputs window, enable the sizes you want, set the projection length, and choose line colors and width. The defaults work well out of the box.<\/p><\/div><\/li><li><div><h3>Let the chart do the scanning<\/h3><p>Formations appear with their trendlines and projections. Keep alerts on and MT4 will play a sound when a new one forms on the live bar.<\/p><\/div><\/li><\/ol><p class=\"note\">Requires MetaTrader 4 build 600 or newer. <\/p><\/div><\/section><section class=\"uses\" aria-labelledby=\"h-use\"><div class=\"wrap\"><div class=\"sec-head\"><p class=\"eyebrow\">In practice<\/p><h2 id=\"h-use\">How traders use broadening formations<\/h2><p>Broadening formations are volatile structures. Many traders wait for confirmation and plan for wider swings than they would use in a tight range. The indicator finds the pattern. Your plan decides what to do with it.<\/p><\/div><div class=\"use-grid\"><div><h3>Breakout watching<\/h3><p>Use the projected boundaries as reference levels. Watch how price behaves when it reaches the upper or lower line, and wait for your own confirmation before acting.<\/p><\/div><div><h3>Reversal context<\/h3><p>A widening range near a major support or resistance level can flag a market that is losing direction. Combine it with the levels you already trade.<\/p><\/div><div><h3>Volatility awareness<\/h3><p>An expanding structure is a reminder that swings are growing. Use it to review stop distances and position size before the next move.<\/p><\/div><div><h3>Multi-timeframe confirmation<\/h3><p>Run the Large size on a higher timeframe for the bigger picture and the Small size on a lower one to time entries within it.<\/p><\/div><\/div><\/div><\/section><section id=\"settings\" aria-labelledby=\"h-set\"><div class=\"wrap\"><div class=\"sec-head\"><p class=\"eyebrow\">Settings<\/p><h2 id=\"h-set\">Inputs you can adjust<\/h2><p>Every option appears in the standard MT4 inputs window when you attach the indicator.<\/p><\/div><div class=\"tbl\" role=\"region\" aria-label=\"Indicator inputs\" tabindex=\"0\"><table><thead><tr><th scope=\"col\">Input<\/th><th scope=\"col\">Default<\/th><th scope=\"col\">What it does<\/th><\/tr><\/thead><tbody><tr><td><code>EnableSmall<\/code><\/td><td>true<\/td><td>Look for small broadening formations.<\/td><\/tr><tr><td><code>EnableMedium<\/code><\/td><td>true<\/td><td>Look for medium-sized formations.<\/td><\/tr><tr><td><code>EnableLarge<\/code><\/td><td>true<\/td><td>Look for large formations.<\/td><\/tr><tr><td><code>LastOnly<\/code><\/td><td>false<\/td><td>Show only the most recent formation and remove older ones.<\/td><\/tr><tr><td><code>SetAlert<\/code><\/td><td>true<\/td><td>Play a sound and write to the Experts log when a formation appears on the live bar.<\/td><\/tr><tr><td><code>ExtensionBars<\/code><\/td><td>50<\/td><td>How many bars the dotted projection lines run ahead. Set to 0 to hide them.<\/td><\/tr><tr><td><code>LineWidth<\/code><\/td><td>2<\/td><td>Thickness of all pattern lines.<\/td><\/tr><tr><td><code>UpperLineColor<\/code><\/td><td>Orange<\/td><td>Color of the upper boundary line.<\/td><\/tr><tr><td><code>LowerLineColor<\/code><\/td><td>Lime<\/td><td>Color of the lower boundary line.<\/td><\/tr><tr><td><code>ExtensionLineColor<\/code><\/td><td>AliceBlue<\/td><td>Color of the dotted projection lines.<\/td><\/tr><tr><td><code>SoundAlertFile<\/code><\/td><td>notify.wav<\/td><td>Sound file played by the alert. Use any file in your MT4 Sounds folder.<\/td><\/tr><\/tbody><\/table><\/div><\/div><\/section><section class=\"what\" aria-labelledby=\"h-comp\"><div class=\"wrap\"><div class=\"sec-head\"><p class=\"eyebrow\">Compatibility<\/p><h2 id=\"h-comp\">Requirements and compatibility<\/h2><\/div><dl class=\"spec\" style=\"margin:0\"><div><dt>Platform<\/dt><dd>MetaTrader 4, build 600 or newer<\/dd><\/div><div><dt>Indicator type<\/dt><dd>Chart window overlay<\/dd><\/div><div><dt>Symbols<\/dt><dd>Any instrument your broker offers<\/dd><\/div><div><dt>Timeframes<\/dt><dd>M1 to MN<\/dd><\/div><div><dt>Alerts<\/dt><dd>Sound file and Experts log message<\/dd><\/div><div><dt>Trading<\/dt><dd>Analysis only, places no orders<\/dd><\/div><\/dl><\/div><\/section><section id=\"faq\" aria-labelledby=\"h-faq\"><div class=\"wrap\"><div class=\"sec-head\"><p class=\"eyebrow\">FAQ<\/p><h2 id=\"h-faq\">Frequently asked questions<\/h2><\/div><div class=\"faq\" id=\"faq-list\"><details><summary>What does a broadening formation indicator do?<\/summary><p>It scans price for the broadening formation, also known as the megaphone pattern, where swing highs keep rising and swing lows keep falling. When it finds one, it draws the upper and lower trendlines on your MT4 chart, projects them forward and can alert you.<\/p><\/details><details><summary>Does it work on every symbol and timeframe?<\/summary><p>Yes. It runs on any symbol your broker offers in MetaTrader 4, from forex pairs to metals, indices and crypto CFDs, and on every timeframe from M1 to monthly.<\/p><\/details><details><summary>What is the difference between small, medium and large patterns?<\/summary><p>The three sizes look for formations of different scales. Small suits quick intraday structures, medium suits everyday trading, and large picks up wide, slow-forming structures on higher timeframes. You can enable any combination.<\/p><\/details><details><summary>How do the alerts work?<\/summary><p>With alerts enabled, the indicator plays a sound file and writes a message to the Experts log when a formation appears on the live bar. The default sound is notify.wav, and you can point it at any file in your MT4 Sounds folder.<\/p><\/details><details><summary>Does it place trades for me?<\/summary><p>No. It is an analysis tool that marks patterns on your chart. It does not open, modify or close orders, so every trading decision stays with you.<\/p><\/details><details><summary>Can the signal change while a bar is still forming?<\/summary><p>Yes. The indicator evaluates every bar, including the one still forming, so a formation flagged on the live bar can change before that bar closes. Many traders wait for the bar to close before acting on it.<\/p><\/details><details><summary>Can I keep only the latest pattern on the chart?<\/summary><p>Yes. Turn on the latest-only option and the indicator keeps just the most recent formation, removing older lines as new ones appear.<\/p><\/details><details><summary>Can I read the signal from an Expert Advisor?<\/summary><p>The indicator exposes one data buffer that holds a value on bars where a formation is detected. You can read it from your own tools with iCustom.<\/p><\/details><details><summary>Does a broadening formation guarantee a profitable trade?<\/summary><p>No chart pattern does. Broadening formations can be volatile and unpredictable, so use the indicator alongside your own analysis, confirmation and risk management.<\/p><\/details><\/div><\/div><\/section><section class=\"final\" id=\"get\" aria-labelledby=\"h-get\" style=\"background:#0c1320;color:#eef3fb\"><div class=\"wrap\"><p class=\"eyebrow\" style=\"color:var(--ln-up)\">Get started<\/p><h2 id=\"h-get\" style=\"color:#eef3fb\">Add the Broadening Formation Indicator to your MT4 charts<\/h2><p style=\"color:#9fb0c8\">Stop redrawing megaphone patterns by hand. Attach the indicator, choose your pattern sizes and let MetaTrader 4 tell you when a new formation appears.<\/p><div class=\"cta-row\"><a class=\"btn\" style=\"background:#ee7d12;color:#1a0e00;text-decoration:none\" href=\"https:\/\/www.patternsmart.com\/cart\/index.php?route=product\/category&amp;path=65&amp;filter=30\">Download the indicator<\/a><a class=\"btn ghost\" href=\"#features\">Review the features<\/a><\/div><\/div><\/section><\/div><div class=\"bf-foot\"><div class=\"wrap\"><p>Trading leveraged products such as forex and CFDs carries a high level of risk and may not be suitable for everyone. You can lose more than your initial deposit.<\/p><p>The Broadening Formation Chart Pattern Indicator is a charting tool for MetaTrader 4. It is not financial advice and does not guarantee results. Past patterns do not predict future price movement. MetaTrader is a trademark of its respective owner.<\/p><\/div><\/div><\/div>\n\n<link rel=\"stylesheet\" href=\"https:\/\/fonts.googleapis.com\/css2?family=Bricolage+Grotesque:opsz,wght@12..96,500..800&amp;family=IBM+Plex+Mono:wght@400;500&amp;family=IBM+Plex+Sans:wght@400;500;600&amp;display=swap\">\n\n\n\n<style>.bfp{--bg:#f3f5f9; --surface:#ffffff; --surface-2:#e8edf5; --fg:#0e1624; --muted:#4a586d; --line:#d5dce8; --accent:#ee7d12; --on-accent:#1a0e00; --accent-ink:#b04b00; --lime-ink:#37820a; --blue-ink:#2c5aa3; --chart-bg:#0c1320; --chart-grid:#1a2538; --chart-text:#8d9fb8; --candle-up:#c5d2e6; --candle-dn:#566580; --ln-up:#ff9a2e; --ln-lo:#8de63f; --ln-ext:#d4e6ff; --sig:#ffd60a; --on-dark:#eef3fb; --on-dark-muted:#9fb0c8; --dark-line:#24324a; --display:\"Bricolage Grotesque\",\"Segoe UI\",system-ui,sans-serif; --body:\"IBM Plex Sans\",\"Segoe UI\",system-ui,sans-serif; --mono:\"IBM Plex Mono\",ui-monospace,Consolas,monospace;}.bfp,.bfp 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The indicator scans your MetaTrader 4 chart, draws both trendlines, projects them forward and sounds an alert, so you stop hunting for the pattern by eye. Get the indicatorSee how it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/patternsmart.com\/wp\/wp-content\/uploads\/2026\/11\/image-50.png","fifu_image_alt":"","footnotes":""},"categories":[466,5,167,218],"tags":[198],"class_list":["post-2746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chart-patterns","category-indicator","category-mt4","category-platform","tag-broadening-formation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Broadening Formation Chart Pattern Indicator for MT4 - PatternSmart.com<\/title>\n<meta name=\"description\" content=\"Broadening Formation Chart Pattern Indicator for MetaTrader 4. 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