cma

Bullish and Bearish Engulfing

Indicator that changes the bar's color to green if there is a Bullish Engulfing or Red if there a Bearish Engulfing Patterns.
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//@version=2
study("Bullish and Bearish Engulfing")

checkingHighsAndLows(position) =>
    high >= high[position] and low <= low[position]

isBearishEngulfing(position) =>
    checkingHighsAndLows(position) and open >= close[position] and open >= open[position] and close <= open[position] and close <= close[position]

isBullishEngulfing(position) =>
    checkingHighsAndLows(position) and open <= close[position] and open <= open[position] and close >= open[position] and close >= close[position]

secLast = 1

barcolor(isBearishEngulfing(secLast)? #F70317: na)
barcolor(isBullishEngulfing(secLast)? #008600: na)
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