EngulfScanner
- Indicators
- Version: 1.1
- Updated: 9 August 2025
- Activations: 5
EngulfScanner is an MQL5 indicator designed to automatically and instantly detect Engulfing candle patterns—both bullish and bearish—on any timeframe and any instrument (Forex, indices, commodities, cryptocurrencies). With a highly customizable set of parameters, you can adapt it effortlessly to your trading style and integrate it into Expert Advisors without rewriting a single line of code.
Main Features
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Live detection – Analyzes the forming bar to alert you ahead of potential reversals.
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Two separate buffers – Marks bullish and bearish patterns with clear arrows on the chart (Wingdings 233/234).
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Flexible parameters
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TolerancePoints — Tolerance margin in points based on the symbol’s _Point .
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MinBodyRatio — Minimum ratio between the current body and the previous body.
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ConsiderWicks — Include or exclude wicks in the pattern check.
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MinBodySizePoints — Minimum size of the first candle’s body.
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Full compatibility – Works out‑of‑the‑box on MetaTrader 5 with no extra modifications, thanks to generic variables and buffers.
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EA integration – Call it via iCustom() to leverage its signals inside your Expert Advisors.
Trader Benefits
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Accurate signals – Filters out noise from false reversals using ratio and tolerance checks.
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Reduced mental load – Never miss an Engulfing pattern on your preferred timeframe again.
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Full automation – Integrate in an Expert Advisor to enter and exit the market via objective rules.
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Support & updates – Receive ongoing assistance and new versions with additional filters.
How to Use the Indicator on a Chart
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Copy EngulfScanner.mq5 to the MQL5/Indicators folder.
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Compile it in MetaEditor and drag the indicator onto your chart.
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Customize the parameters from the input panel.
Take your trading to the next level with this professional, lightweight, and fully customizable indicator. Add EngulfScanner to your arsenal today!
