The Triangle Pattern Indicator for MT4 is a popular and useful forex indicator that is available for free. This indicator helps traders identify triangle patterns on their charts, a common chart pattern in forex trading. By spotting these patterns, traders can anticipate potential breakouts or reversals in the market. The indicator works by automatically detecting and drawing the triangle pattern on the chart. Traders can use it to plan their entry and exit points, taking advantage of the opportunities presented by these patterns.