🔵 Introduction The candlestick engulfing pattern is important pattern in technical analysis that can be observed in candlestick charts. This pattern occurs when a complete candle engulfs or "engulfs" the body of a previous candle, meaning that the body of the new candle completely covers the body of the previous candle. The candlestick engulfing pattern has two...
This Indicator searching for pullback on input Moving Average with Engulfing candle Rules for indicator :- Buy Signal - 1) search for pullback on ma if price above ma and come back and touches ma 2)after pullback on ma searching for bullish engulfing pattern on next candle 3)if pullback on previous candle and...
This indicator let us automatically detect and color the strongest and most powerful Engulf Patterns in any time frame. Its difference and great potential regarding other existing indicators is that its formula takes into account the average size of the previous candles throughout the ATR, therefore, it only indicates the really strong ones that interest us for...
Its a simple analysis using Candle Pattern Technique, Engulfing. The script will find the engulf candle by considering three bars before. For Bullish Engulfing it will be colored by yellow, and for Bearish will be white. I reccomend you for using this script in Daily Time Frame. Enjoyyyy!!!
This is a simple Scalping Strategy based on custom Candle Patterns The script mainly identifies reversal patterns and signals them on the chart. All chart signals can be setup as live alerts ! It works well on literarly any Pair/Timeframe