Engulfing Candlestick Bulkowski

Engulfing Candlestick Bulkowski

The engulfing candlestick is a well-known candle pattern composed of two candles.

This indicator for showing engulfing candlestick that describe by Thomas Bulkowski.


If you need for MetaTrader 4 version, please visit here:

https://www.mql5.com/en/market/product/34193


Feature Highlights

Show bullish engulfing and bearish engulfing.

  • Customizable "Up Symbol".
  • Customizable "Down Symbol".
  • Customizable symbol distance from candlestick.
  • Customizable "Down Color".
  • Customizable "Up Color".


Input Parameters

  • UpSymbol - Input symbol code from "wingdings" for bullish engulfing (default is arrow up).
  • DownSymbol - Input symbol code from "wingdings" for bearish engulfing (default is arrow down).
  • SymbolShift - Input symbol distance from candlestick.
  • DownColor - Input color for down symbol (bearish engulfing).
  • UpColor - Input color for up symbol (bullish engulfing).


Engulfing Candlestick definition by Thomas Bulkowski:

  • Bullish Engulfing

The first is a bearish candle followed by a bullish candle.

The bullish candle should have a close above the prior open and an open below the prior close.

In other words, the body of the bullish candle should engulf or overlap the body of the bearish candle.

Ignore the shadows. Shadows are unimportant.

  • Bearish Engulfing

The first is a bullish candle followed by a bearish candle.

The bearish candle should have a close below the prior open and an open above the prior close.

In other words, the body of the bearish candle should engulf or overlap the body of the bullish candle.

Ignore the shadows. Shadows are unimportant.





































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TREND CATCHER INDICATOR Trend Catcher Indicator analyzes market price movements, using a combination of the author’s proprietary and customized adaptive trend-analysis indicators.  It identifies the true market direction by filtering out short-term noise and focusing on underlying momentum strength, volatility expansion, and price structure behavior.  It also uses a combination of smoothing and trend-filtering customized indicators such as moving averages, RSI, and volatility filters.   Real ope
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FX Trend NG: The Next Generation Multi-Market Trend Intelligence Overview FX Trend NG is a professional multi-timeframe trend and market monitoring tool designed to give you a complete structural overview of the market in seconds. Instead of switching between dozens of charts, you instantly see which symbols are trending, where momentum is fading, and where strong alignment exists across timeframes. This tool is part of the Stein Investments ecosystem - 18+ tools plus Max, your 1-on-1 AI tradi
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