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Engulfing Bars

5

The Engulfing Bars indicator shows Engulfing Bars, the signal and the suggested stoploss and take profit. Engulfing Bars are an important price action pattern. The price action of an Engulfing Bar completely covers the price action of the previous bar.

Engulfing Bars are most often used on higher timeframes.


Settings

Engulfing Bars default settings are good enough most of the time. Feel free to fine tune them to your needs.

  • Show Engulfing Bars - Set to true to show Engulfing Bars.
  • Body size percentage - Minimum size of the body of the Engulfing Bar in a percentage of the moving average of body sizes, a higher value detects less but (argueably) better Engulfing Bars.
  • Stoploss distance in pips - Standard stoploss is at the high or low of the Engulfing Bar, this number of pips is added to that.
  • Color Palette - pick Color Palette for 'Dark' or 'Light' Backgrounds.
  • Colo(u)rs - you know what to do.
  • Show Alerts - set to true to do alerts.
  • Show Screen Alerts - set to true to show screen alerts.
  • Email Alerts - set to true to email alerts.
  • Push Alert Notifications - set to true to push alerts.


Loose ends

Engulfing Bars is not resource hungry.

Do not hesitate to contact me. Let me know what you think of Engulfing Bars. Only with your help, I can create better tools for MT4.
Avis 1
AnnaEmanova
34
AnnaEmanova 2019.01.02 20:08 
 

Very good

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Martin Alejandro Bamonte
BullseyeSignal – NoRepaint est un signal qui, comme son nom l'indique, ne se repeint jamais en aucune circonstance. Le signal est émis sur la même bougie observée dans l'image. Il est idéal pour les marchés hautement volatils tels que le forex, les cryptomonnaies, les actions, les indices et les futures. Vous ne verrez qu'une flèche verte pour l'achat et une flèche rouge pour la vente, mais il y a de nombreux indicateurs qui travaillent ensemble en arrière-plan pour fournir une expérience de tra
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Guner Koca
5 (1)
Thise indicator is up down v6  comes with tradingwiev pinescript. purchased people, after installed on terminal ,contact me on mql5  to get BONUS  TradingView pinescript. up-down indicator is no repaint and works all pairs and lower than weekly time frames charts. it is suitable also 1 m charts for all pairs. and hold long way to signal. dont gives too many signals. when red histogram cross trigger line that is up signal.and price probably will down when blue histogram cross trigger line that
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Paul Geirnaerdt
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NEWS Launch Price for a limited period now $499. Fusion Trader v3  is a  Multi Symbol ,  Auto Timeframe ,  Expert Advisor . It features several strategies for different symbols and timeframes. Fusion Trader will monitor trades and adjust the stop loss. Fusion Trader v3  is a complete rewrite from v2, it trades differently and more symbols. It is now 100% Metratrader 5 compatible. Fusion Trader v3 is a multi symbol EA, For now, it will trade several symbols. Also, Fusion Trader is auto timeframe
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AnnaEmanova
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AnnaEmanova 2019.01.02 20:08 
 

Very good

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Version 1.1 2020.03.28
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