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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Atomic Analyst — MetaTrader 5 Message me on MQL5 after purchase to receive Smart Universal Expert Advisor for FREE, plus the online course, PDF manual, and private group access. Atomic Analyst brings price action, trend direction, entry and exit signals, Stop Loss and multiple Take Profit levels together on your chart. SEE THE SIGNAL. UNDERSTAND THE SETUP. Atomic Analyst organizes its analysis into clear visual information: • Buy and sell arrows to identify potential entries. • Stop Loss and mul
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PainX GainX Blue Spike Fusion AI Advanced Synthetic Index Spike Detection Indicator for MetaTrader 5 Discover potential spike setups with a clear, organized, and professional trading interface. PainX GainX Blue Spike Fusion AI is a specialized indicator designed for traders who monitor synthetic indices and want a structured way to observe potential price spike opportunities. The indicator combines signal monitoring, market-condition analysis, visual alerts, and event tracking in one convenient
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