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HP Engulfing Pattern Indicator

This is a very simple indicator which identifies and displays engulfing pattern on the chart with the help of arrows.


  1. The indicator scans through all the bars/candles on the chart. As soon as it identifies an engulfing pattern, it draws an arrow on the chart.
  2. It works on all symbols.
  3. It works for all time frames.
  4. It displays arrows on charts.


  • The color and size of arrows can be adjusted from the 'color' tab in indicator inputs.
  • By default the colors are set to Red and Blue.
  • The arrows also show bullish and bearish bars/candles.
  • The Up Red arrows show bearish bars.
  • The Down Blue arrows show bullish bars.
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