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

69530
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...

92436

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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