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rmunoz

Engulfing Candle Indicator

rmunoz Updated   
Trend Analysis Candlestick Analysis Engulfing Candle engulfingpattern candlestickpattern candlesticksignals Candlestick analysis bearishcandlestick bearishcandlepattern
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trendanalysis candlestick engulfingcandle engulfingpattern candlestickpattern candlesticksignals candlestickanalysis bearishcandlestick bearishcandlepattern
This script shows you where a candle is either bullish or bearish engulfing the previous candle.

  • A GREEN triangle below the bar pointing UP indicates that the candle is BULLISH engulfing the previous candle
  • A RED triangle ABOVE the bar pointing DOWN indicates that the candle is BEARISH engulfing the previous candle
Release Notes:
Updating indicator logic and adding the ability to set up alerts with this indicator.
Release Notes:
  • Code cleanup
  • Added ability to backtest the trading strategy
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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