Pattern: flags

What are the flags in this code?

newlist = []
number = int(input("Enter a number: "))
newlist.append(number)
ascending = True
descending = True
while True:
    next_number = input("Enter a number: ")
    if next_number == '':
        break
    if int(next_number) < number:
        ascending = False
    else:
        descending = False
    newlist.append(int(next_number))
    number = int(next_number)
if ascending:
    print("Sequence is in ascending order")
elif descending:
    print("Sequence is in descending order")
else:
    print("Sequence is not ordered")