Market / MetaTrader 4 / Indicators /

BB Engulfing Bar

FREE

Published: 21 August 2018

Current version: 1.0

BB Engulfing Bar

3.6

Indicators
Nedyalka Zhelyazkova
Nedyalka Zhelyazkova
Bulgaria

69425
4.5 (111)
19 products 5 comments
Version: 1.0

For an engulfing bar to be valid it must fully engulf at least one previous bar or candle - includes all the body and the wick. The engulfing bar can engulf more than one bar as long as it completely engulfs the previous bar.

Inputs

AlertOn - enable alerts
EmailAlert - enable email alerts
PushAlert - enable push notification

more...

92403

Evgeny Belyaev 2019.05.11 16:06 #

Useful product. Thank you for posting for free.

3471

John Winsome Munar 2022.06.14 14:35 #

Nice work

182

Elusive Pimpernel 2021.11.05 12:54 #

Too many bars not all are perfect.

The indicator defines the Bullish and Bearish Engulfing Bar. The pattern has greater reliability when the open price of the engulfing candle is well above the close of the first candle, and when the close of the engulfing candle is well below the open of the first candle. For an engulfing bar to be valid it must fully engulf at least one previous bar or candle - includes all the body and the wick. The engulfing bar can engulf more than one bar as long as it completely engulfs the previous bar.

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Pin bar pattern is characterized by a long upper or lower wick with a small body relative to the size of the wick with little to no lower or upper shadows. Pin bars are not to be traded in isolation , but need to be considered within the larger context of the chart analysis. A pin bar entry signal, in a trending market, can offer a very high-probability entry and a good risk to reward scenario. Inputs MinimumTailPips- Minimum size of Tail in pips; TailBodyCandle- means how many times Tail grea

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The Ultimate Trading Secret – Unlock Your Potential with ProTrading Arrow In trading, confidence comes from clarity, structure, and reliable signals . ProTrading Arrow is designed to give you exactly that – a tool to spot opportunities, filter out noise, and trade smartly, no matter your experience level. Many traders spend months chasing strategies, analyzing endless charts, and still miss opportunities or second-guess themselves. ProTrading Arrow changes that. With the right signals at the ri

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Step into Confident Trading with DayTradingArrow v1 In trading, confidence comes from clarity, structure, and reliable signals . DayTradingArrow v1 is designed to give you exactly that – a tool that highlights opportunities, filters out noise, and supports smart, disciplined decisions. Every signal is confirmed and actionable , allowing you to trade with confidence rather than guesswork. Key Benefits Clear buy and sell signals for fast, confident decision-making Perfect for beginners and exper

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