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You liked the script? Try it in the MetaTrader 5 terminal
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- Published:
- 2022.04.19 06:49
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The idea of the indicator
Engulfing Pattern Plus One': The current bar completely Engulfings the previous two bars. Absorption takes into account 'High' and 'Low' prices
Rice. 1. Engulfing Pattern Plus One
The pattern is displayed using 'Arrow' objects, and two rectangles are drawn on the chart manually - specifically, to visualize and explain how this pattern works.

Version 2. Indicator based on 'Chaikin Oscillator, CHO'. Line intersection of 'CHO' and 'smoothed CHO'

ADXm (experiment)

One of the strategies for the 'DeMarker' indicator is a permanent set of positions

This simple quick & dirty script code will output a CSV file of all the Signals' properties as reported by the MQL5 Trade Signals functionality.