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Engulf with Bollinger Bands and MA Scanner

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Demo downloaded: 6

Published: 17 January 2022

Current version: 1.0

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Engulf with Bollinger Bands and MA Scanner

Indicators
NIKO TORI
NIKO TORI
Slovenia

852
5 topics 1 comment
Version: 1.0
Activations: 10

WIth this multi time frame and pair Scanner, you can find Engulfing pattern that touch bollinger bands + optional moving average rule.

For bearish engulf to form, second body (bearish) must be bigger than first (bullish) and one of them must be touching upper bollinger band with closed price.

For bullish engulf to form, second body (bullish) must be bigger than first (bearish) and one of them must be touching lower bollinger band with closed price.

You can also use moving average rule, so bearish engulf must be below MA, and bullish engulf above MA with closed price body.

Settings are simple standard settings for moving average and bollinger bands.

As for scanning, there is simply inputting:

pairs with comma (for example: EURUSD,GBPUSD,USDCAD,etc.)
time frames with comma (for example: M1,M5,M15,M30,H1,H4,D1,W1,MN1)

more...

Screenshot #1 Engulf with Bollinger Bands and MA Scanner

Screenshot #2 Engulf with Bollinger Bands and MA Scanner

Screenshot #3 Engulf with Bollinger Bands and MA Scanner

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WIth this indicator you can find Engulfing pattern that touch bollinger bands + optional moving average rule. For bearish engulf to form, second body (bearish) must be bigger than first (bullish) and one of them must be touching upper bollinger band with closed price. For bullish engulf to form, second body (bullish) must be bigger than first (bearish) and one of them must be touching lower bollinger band with closed price. You can also use moving average rule, so bearish engulf must be below MA

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