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

69686
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...

92451

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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The three white soldiers and the three black crows candlestick patterns are reversal patterns that predict a change in the direction of a trend. The pattern consists of three consecutive long-bodied candlesticks that open within the previous candle's real body and a close that exceeds the previous candle's. It's important to note that both formations are only valid when they appear after a strong uptrend or a downtrend, while their efficiency decreases in choppy markets. Inputs AlertOn - en

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This inside bar indicator MT4 is suitable if you are doing inside bar trading. So what this MT4 inside bar indicator does is identifies inside bars for you as they form on your charts. Inside bar is a famous trading pattern in which the bar carry higher low and lower high compared with the previous bar, also known as mother bar. With, a lesser time frame like the 1 hour chart, daily inside bar chart will sometimes appears to be similar to a triangle pattern. Inputs AlertOn - enable alerts Emai

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