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Engulfing Candlestick Pattern Detector for MT4

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Published: 24 September 2024

Current version: 1.0

Engulfing Candlestick Pattern Detector for MT4

Indicators
Raul Canessa Castameda
Raul Canessa Castameda
1977

Costa Rica

1939
4.5 (2)
My name is Raúl Canessa Castañeda, I am 45 years old and I work part-time developing indicators and EAs for the Metatrader 4 and Metatrader 5 platforms. I recently started developing custom indicators for sale in the MQL5 market. I have more than 5 years of experience as a Forex trader and MQL4 and

12 products 5 codes 1 comment
Version: 1.0

The Bullish and Bearish Engulfing Pattern Screener for MetaTrader 4 is a powerful tool designed for traders looking to identify key reversal patterns in the financial markets. This indicator scans price charts for bullish and bearish engulfing patterns, which signal potential trend reversals.

Key Features:

Real-time Scanning: Continuously analyzes price data to provide instant alerts when engulfing patterns are detected.
Customizable Settings: Allows users to adjust parameters to fit their trading style and preferences, including timeframes and pattern confirmation criteria.
User-friendly Interface: Easy to install and navigate, making it accessible for both novice and experienced traders.
Alerts and Notifications: Provides visual and audio alerts, ensuring traders never miss a potential trading opportunity.

With the Bullish and Bearish Engulfing Pattern Screener, traders can enhance their technical analysis and improve their decision-making process, ultimately increasing their chances of success in the market.

This indicator displays engulfing patterns on the current chart as well as on multiple assets and time frames selected by the trader (from M1 to MN1). Its main features are:

- A screener that displays recently formed engulfing patterns on any asset (offered by the broker) and active time frame.

- An alert window that indicates on which asset and time frame an engulfing pattern is forming.

- Email alerts, push notifications and sound alerts.

The indicator also allows filtering engulfing pattern signals using indicators such as RSI, Stochastic or Moving Averages.

Do you want to develop your own indicator or EA but don't have the time or knowledge to do it yourself? We can do it for you. Contact us via:

Raul Canessa Castameda - rcanessa - Trader's profile - MQL5 Algo Trading community

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Video Engulfing Candlestick Pattern Detector for MT4

Screenshot #1 Engulfing Candlestick Pattern Detector for MT4

Screenshot #2 Engulfing Candlestick Pattern Detector for MT4

Screenshot #3 Engulfing Candlestick Pattern Detector for MT4

Screenshot #4 Engulfing Candlestick Pattern Detector for MT4

Power Renko is an indicator which plots Renko bricks underneath the chart using a histogram. You can select the brick size and the timeframe of the Renko bricks as well as whether or not to use the close price or the high/low price of the candles. Renko bricks are based on price alone, not time, therefor the Renko bricks will not be aligned with the chart's time. They are extremely useful for trend trading and many different strategies can be formed from them. Buffers are provided allowing you t

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The Magic MA Moving Average Indicator is a market analysis tool that has more than 30 types of moving averages that the trader can use to gauge the market trend. Among the types of moving averages that the trader can visualize are the most common MAs (SMA, EMA and SMMA), adaptive moving averages such as FRAMA and KAMA and other MAs based on innovative calculation and analysis methods such as LSMA, ZLEMA and others. The indicator is designed to display all these moving averages on a single cha

45 USD

Stochastic Signals is a simple dashboard type indicator that displays the values of the stochastic oscillator on various instruments and time frames chosen by the user. The stochastic is usually used in many trading strategies, especially in countertrend systems when the price reaches overbought/oversold conditions. In addition, this indicator can be configured by the trader to show signals when the stochastic oscillator is in an overbought/oversold condition, when it crosses these levels or whe

35 USD

ADX Analyzer is a simple dashboard type indicator that displays the values of the ADX oscillator on multiple instruments and time frames chosen by the trader. The ADX is a trend strength indicator that is usually used in many trading strategies, especially in trend following systems, as a filter that indicates when the price has a strong bullish or bearish trend. This indicator and its dashboard can be configured to show signals when the ADX detects a strong bullish/bearish trend, when a strong

35 USD

Williams R Scanner Indicator is a technical tool for Metatrader 4 designed to display a simple dashboard showing the values of the Williams %R oscillator across multiple markets and time frames of the trader's choosing. The dashboard also shows when the Williams %R indicator reaches an overbought or oversold condition which may precede market reversals. The trader also has the option of viewing signal alerts on the platform that indicate when the Williams %R has made a bullish or bearish cross

35 USD

The Donchian Scanner Signals Indicator with is a powerful tool designed for traders operating in the financial market using the Metatrader 4 platform. This indicator combines the popular Donchian Channels strategy with advanced signalization and real-time alert features, providing a clear view of potential entry and exit points in a financial asset. Key Features: Donchian Channels Visualization: The indicator graphically displays Donchian Channels on the price chart. These channels are formed us

50 USD

MA Trend Following Indicator for MT4 is a simple technical analysis tool designed to follow the trend in any currency pair chosen by the trader by combining 3 moving averages on two different time frames, one long term and one short term. It basically provides a bullish or bearish signal when the moving averages on one time frame align with the moving averages on a different time frame to have a confluence signal. The indicator is presented as a screener with multiple currency pairs (that th

45 USD

The Mean Reversal Indicator for MetaTrader 4 is a custom technical tool that identifies when the market reaches an n-period high or low, signaling potential mean reversion opportunities. Acting as a versatile screener, this indicator enables traders to detect n-period highs/lows across any selected timeframe and market offered by the broker, making it highly adaptable for multi-market or multi-timeframe analysis. Additionally, the Mean Reversal Indicator offers optional signal filters, including

40 USD

RSI Screener for MT5 is a simple dashboard-type indicator that displays the RSI (Relative Strength Index) oscillator values on different instruments and time frames chosen by the user. In addition, it can be configured by the trader to show signals when the RSI is in overbought/oversold condition, when it crosses these levels or when it crosses the 50 level, which is important in some strategies. It is simple and easy to configure. On its own, it should not be used as a trading system since RSI

35 USD

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