Indicators: Engulfing Pattern Indicator with Volume Confirmation
Cleverly written code and good layout, it's a simple condition to detect the pattern and it works. I made an engulfing pattern detector before in a much different way, I measured candle sizes for the current and previous.
Conor Mcnamara #:
Cleverly written code and good layout, it's a simple condition to detect the pattern and it works. I made an engulfing pattern detector before in a much different way, I measured candle sizes for the current and previous.
Thanks for the feedback! Measuring candle size is a great approach as well.
Cleverly written code and good layout, it's a simple condition to detect the pattern and it works. I made an engulfing pattern detector before in a much different way, I measured candle sizes for the current and previous.
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Engulfing Pattern Indicator with Volume Confirmation:
This indicator detects bullish and bearish engulfing candlestick patterns with an optional volume filter to highlight stronger signals.
Author: Ezequiel Henrique Melo Do Nascimento