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Engulfing Candlestick Pattern Scanner

30 USD

Demo downloaded: 114

Published: 4 April 2020

Current version: 1.1

Engulfing Candlestick Pattern Scanner

Name: Engulfing Candlestick Pattern Scanner
Price: 30.00 USD
Rating: 1 (1 reviews)
Author: Victor Christiaanse

Indicators
Victor Christiaanse
Version: 1.1
Updated: 15 April 2020
Activations: 5

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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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

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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

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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.

6215

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.

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lauro1956 2020.04.05 22:22 #

User didn't leave any comment to the rating

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