HPotter

Bullish Engulfing automatic finding script

Hi
Let me introduce my Bullish Engulfing automatic finding script.
This is a bullish reversal pattern formed by two candlesticks . Following a downtrend,
the first candlestick is a down candlestick which is followed by an up candlestick
which has a long real body that engulfs or contains the real body of the prior bar.
The Engulfing pattern is the reverse of the Harami pattern.
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//  Copyright by HPotter v1.0 01/04/2014
//
//    This is a bullish reversal pattern formed by two candlesticks. Following a downtrend, 
//    the first candlestick is a down candlestick which is followed by an up candlestick 
//    which has a long real body that engulfs or contains the real body of the prior bar. 
//    The Engulfing pattern is the reverse of the Harami pattern. 
////////////////////////////////////////////////////////////

study(title = "Bullish Engulfing", overlay = true)
barcolor(open[1] > close[1] ? close > open ? close >= open[1] ? close[1] >= open ? close - open > open[1] - close[1] ? yellow :na :na : na : na : na)

Comments

Is there a way I can create an alert whenever a Bullish or Bearish engulfing bar forms ?
+36 Reply
How can I change the colour Yellow of the pattern forming to a colour of my choice?
Reply
HPotter apfx18
@apfx18, You can change in the line 11 "yellow" on the your, for example "blue"
Reply
So what is the indication? the yellow bars?
Reply
HPotter maudelebowski
@maudelebowski, That pattern Bullish Engulfing was formed.
Reply
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