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Engulfing Candle Indicator

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Published: 10 June 2023

Current version: 2.10

Engulfing Candle Indicator

Indicators
Chioma Obunadike
Version: 2.10
Updated: 6 December 2023

This Engulfing Candle Indicator as the name implies can detect engulfing candlestick patterns on the chart. The indicator alerts the user of the presence of an engulfing candle (Bearish engulfing candle and Bullish engulfing candle) by using visual representation of arrows on the chart.

- Blue arrow for Bullish engulfing

- Red arrow for Bearish engulfing

Extra modifications can be added based on request.

more...

smoki 2023.11.03 10:36 #

Nice!

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Filter:

smoki 2023.11.03 10:36 #

Nice!

Version 2.10 2023.12.06

Added Alerts for The Engulfing Candles

Optional Alerts can be turned on and off

- Email Notification: Sends an alert or notification to a designated email address.

- Play Sound: Triggers an audible alert or sound on the platform or device running the trading software.

- Native Alert: Shows an on-screen alert or popup within the trading platform.

- Push Notifications: Sends notifications to mobile devices through dedicated apps or services.

Version 2.0 2023.10.19

- Added the following user inputs:

1. Arrow Size
2. Arrow Distance
3. Custom Arrow Up colour
4. Custom Arrow Dn colour

- Improved the logic of the code to fit the perfect description of an engulfing candle:

Bullish Engulfing Candle: The first candle is a bearish (downward) candle, followed by a larger bullish (upward) candle that completely engulfs the previous candle's body.

Bearish Engulfing Candle: The first candle is a bullish (upward) candle, followed by a larger bearish (downward) candle that completely engulfs the previous candle's body.