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Engulfing Candlestick Pattern Scanner

1

This scanner is monitoring the entire market for trade opportunities for all symbols and for all time frames. You don't have to look to all the charts, for all symbols and for all time frames. This scanner will alert you on your computer, or on your mobile, when a trade opportunity has been found. You never have to miss a trade opportunity!

This indicator is designed to scan all pairs and symbols, for all selected time frames, to find an Engulfing Candlestick Pattern.


Features

The scanner will send an alert if an Engulfing Candlestick Pattern has been found. Engulfing candle high and low engulfs the previous candle high and low. Engulfing candlestick patterns is a reversal candlestick pattern.

Other features:

  • Scans all symbols visible in your Market Watch window, or all symbols the same time
  • Indicator only have to be installed on one chart to scan the entire market
  • Specify which time frame you want to monitor. Each time frame can be selected in the settings
  • Receive Alerts in the MT4 terminal for each trade opportunity found
  • Dashboard will show the latest alerts provided by this Scanner. Click on an alert in the dashboard to open a new chart for the applicable Symbol and time frame. The new chart will highlight the alert with a vertical line
  • Receive Alerts on your mobile phone, so you never miss a trade opportunity!
  • Low CPU usage

Installation

  • Download the Indicator in your MT4 terminal after you have purchased the product.
  • Place the indicator on one chart in your MT4 terminal (it does not matter what chart is used, any symbol and time frame can be used), and from that moment the entire market will be scanned for all pairs and symbols, and for all time frames as you have configured.


    Parameters

    ----------- General settings ----------- 

    • Send signals to Alert Message Box: If set to true, alerts will be issued to your MT4 terminal
    • Send signals to Mobile (Notifications): If set to true, alerts will be issued to your mobile using the MT4 Notifications
    • Scan pairs in Market Watch only: If set to true, only pairs and symbols within the MT4 Market Watch will be scanned. If set to false, all pairs and symbols available for your broker will be scanned and monitored
    • Symbols To Scan: You can enter symbols you want to scan by this scanner in this field. The symbols needs to be the same as they are shown on your Market Watch window. The field is case sensitive. Each symbol needs to be separated by a comma (,)
    • Alert and Scan for each Xx bar: If set to true, pairs and symbols are scanned for each new bar of the applicable time frame
    ----------- Indicator settings --------—
    • Minimum Difference between bars (pips): Specify how many pips difference should be as a minimum between the engulfing candlestick and the previous bar
    • Minimum size of last bar (pips): Minimum size of the Engulfing Candlestick in pips
    • Maximum size of last bar (pips): Maximum size of the Engulfing Candlestick in pips
    • Minimum body size of last bar (pips): Minimum size of the body of the Engulfing Candlestick in pips
    • Engulfing body size twice the size of the body for the previous bar

    ----------- Display settings -----------

    • Show Comments on chart: If set to True, comments will be shown in the top left corner to show that the indicator is loaded. If set to False, no comments will be shown
    • Show Dashboard on chart: If True, a dashboard will be shown on the Chart with the latest alerts provided by this Scanner. When you click on the alert in the dashboard, a new chart will be opened for the applicable Symbol and time frame
    • Clear Dashboard at start of new Day: If True, all alerts will be removed from the dashboard at start of each new trading day
    • Define Text color: Define the text color for all the text on the dashboard
    • Maximum number of Alerts printed on Chart
    • AlertLineColor / Style: Define the color and style of the vertical Line for Bullish and Bearish Alerts
    • Template for new chart


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    Click and Go Trade Manager, the ultimate solution for seamless trading execution. With a simple click on the chart, you can effortlessly define your stop loss, entry price, and target levels. No more hassle of inputting values manually - it's made incredibly intuitive and easy. Embedded risk management is a key feature of our Trade Manager. We understand the importance of protecting your investments, which is why the Click and Go Trade Manager incorporates risk management. When placing orders,
    Click and Go Trade Manager, the ultimate solution for seamless trading execution. With a simple click on the chart, you can effortlessly define your stop loss, entry price, and target levels. No more hassle of inputting values manually - it's made incredibly intuitive and easy. Embedded risk management is a key feature of our Trade Manager. We understand the importance of protecting your investments, which is why the Click and Go Trade Manager incorporates risk management. When placing orders, y
    Three Moving Average Scanner
    Victor Christiaanse
    5 (8)
    This scanner is monitoring the entire market for trade opportunities for all symbols and for all time frames. This scanner will alert you on your computer, or on your mobile, when a trade opportunity has been found. Three moving average strategy   The three moving average strategy is a very popular and proven strategy. The slowest moving average is used to determine the direction of the trend. If the price is above the slowest moving average, we are in a Bullish market and if the price is belo
    This scanner is monitoring the entire market for trade opportunities for all symbols and for all   time frames. You don't have to look to all the charts, for all symbols and for all time frames. This scanner will alert you on your computer, or on your mobile, when a trade opportunity has been found.  You never have to miss a trade opportunity!   This indicator is designed to scan all pairs and symbols, for all time frames, to find a cross of the MACD main and signal line.   MACD Definition The
    Exit Manager
    Victor Christiaanse
    5 (2)
    Enhance Your Trading with the Exit Manager Elevate your trading strategy with the Exit Manager, designed to ensure optimal closure of your trades at precisely the right moments. Once you've placed an order, our Exit Manager steps in and starts monitoring the order based on YOUR predetermined conditions, and can even trail your stop loss to mitigate risk. Key Features: Set & Forget Functionality With the Exit Manager, simply place your trade and let the tool do the rest. It continuously monit
    Keyboard Trading
    Victor Christiaanse
    5 (1)
    Keyboard Trading  Open and Close orders with your keyboard. This tool allows you to open and close orders with your keyboard. As opening and closing orders with your keyboard is faster than with your mouse, this tool is very useful for Scalpers. How does it work? If you press the key "b", it will open a buy order with lot size, SL and TP as specified in the settings. If you press the key "s", it will open a sell order with lot size, SL and TP as specified in the settings. If you press the key "c
    FREE
    This indicator is designed to scan all pairs and symbols, for all selected time frames, to find a cross of moving averages. The 4 Moving Average Strategy The scanner has 4 moving averages: - 2 moving averages to define the trend - 2 moving averages are used to find the right moment to send an alert If the fast trend MA is above the slow trend MA, than it is considered as a bullish market and it will only provide bullish alerts. If the fast trend MA is lower then the slow trend MA, it is consi
    Trendline Trading
    Victor Christiaanse
    3 (1)
    If you use Resistance and Support Trendlines in your trading, this tool will be very useful for you!  The Trendline Trading EA is a smart and easy tool to helps you in your trading using trendlines on your chart. Just create a trendline for the Resistance and Support, and the EA will create pending orders when the price touch the trendline. The following orders will be created when the price touch the trendline: Pending order in case the price breaks the trendline Pending order in case the price
    Ichimoku Scanner
    Victor Christiaanse
    5 (1)
    This scanner is monitoring the entire market for Ichimoku trade opportunities for all symbols and for all time frames. You don't have to look to all the charts, for all symbols and for all time frames. This scanner will alert you on your computer, or on your mobile, when a trade opportunity has been found.  You never have to miss a trade opportunity!   This indicator is designed to scan all pairs and symbols, for all selected time frames, to find a Tenkan and Kijun Cross or a breakout of the Ich
    Exit Manager MT5
    Victor Christiaanse
    Enhance Your Trading with the Exit Manager Elevate your trading strategy with the Exit Manager, designed to ensure optimal closure of your trades at precisely the right moments. Once you've placed an order, our Exit Manager steps in and starts monitoring the order based on YOUR predetermined conditions, and can even trail your stop loss to mitigate risk. Key Features: Set & Forget Functionality With the Exit Manager, simply place your trade and let the tool do the rest. It continuously monito
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    tsuchla1
    129
    tsuchla1 2022.07.19 21:50 
     

    Tried and doesn't work. Indicator tells me there are engulfing candles when there isn't and doesn't tell me when there are.

    Victor Christiaanse
    6205
    Reply from developer Victor Christiaanse 2022.07.19 21:58
    Please reach out to me on private message with examples. I haven't heard any complain from any customer so far, and I am using it myself without any problems. If it isnt working for you, then there is something not right in your setup. The scanner does work, I don't sell products that don't do at advertised.
    lauro1956
    4722
    lauro1956 2020.04.05 22:22 
     

    User didn't leave any comment to the rating

    Reply to review
    Version 1.1 2020.04.15
    New functionality added:
    - Validation for Minimum Body Size for the Engulfing candle
    - Add option to validate that the Body Size of the Engulfing candle is at least twice the size as the previous bar