• Overview
  • Reviews (5)
  • Comments (8)
  • What's new

Engulfing Candle detector

5

Engulfing Candle Detector


Detectable pattern

  • Double Candlestick Patterns
    • Bullish Engulfing
      The first candle is black candle. The second candle opens with a gap below the real body of the black candle but rallies upwards to close above the real body of the black candle. In other words, the second candle's real body completely engulfs the first candle's real body

    • Bearish Engulfing
      The first candle is white candle. The second candle opens with a gap above the real body of the white candle but declines sharply to close below the real body of the first candle. In other words, the second candle’s real body completely engulfs the first candle’s real body

    • Bullish Engulfing (with Shadow)
      The first candle is black candle. The second candle's high price is above than first candle's high annd second candle's low price is lower than first candle's low price.In other words, the second candle with shadow completely engulfs the first candle with shadow

    • Bearish Engulfing (with Shadow)
      The first candle is white candle. The second candle's high price is above than first candle's high annd second candle's low price is lower than first candle's low price.In other words, the second candle with shadow completely engulfs the first candle with shadow

 


Functions

  • Choose engulfing detect method
    • Engulfing with candle body
    • Engulfing with upper and lower shadow

  • Engulfing candle Highlight

  • Drawing additional line and boxes
    • HLine drawing (50% of engulfing candle)
    • Box drawing (from 50% to 61.8%)
    • Box drawing (161.8%)

If you have any idea for improve this indicator.

Please welcome your precious idea.

Reviews 5
smoki
35
smoki 2023.10.13 13:09 
 

Thank you! One of the best Engulfing Candle detector!

Agus Hidayat
129
Agus Hidayat 2023.08.31 00:43 
 

Very accurate in detecting engulfing candles . Would you be so kind to add push notification to the indicator? Thanks in advance

lisi
994
lisi 2023.03.03 08:02 
 

Fine

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Engulfing Candle Detector Detectable pattern Double Candlestick Patterns Bullish Engulfing The first candle is black candle. The second candle opens with a gap below the real body of the black candle but rallies upwards to close above the real body of the black candle. In other words, the second candle's real body completely engulfs the first candle's real body Bearish Engulfing The first candle is white candle. The second candle opens with a gap above the real body of the white candle but
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Filter:
smoki
35
smoki 2023.10.13 13:09 
 

Thank you! One of the best Engulfing Candle detector!

Agus Hidayat
129
Agus Hidayat 2023.08.31 00:43 
 

Very accurate in detecting engulfing candles . Would you be so kind to add push notification to the indicator? Thanks in advance

Shin Eun Gu
3752
Reply from developer Shin Eun Gu 2023.11.14 16:33
Hi, Alert/Notification function is added. Please update the indicator as latest.
lisi
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lisi 2023.03.03 08:02 
 

Fine

Shin Eun Gu
3752
Reply from developer Shin Eun Gu 2023.04.24 06:32
Thank you
andrie7402
64
andrie7402 2022.12.23 07:10 
 

Nice tools... Simple but powerfull... Thanks for sharing...

Shin Eun Gu
3752
Reply from developer Shin Eun Gu 2023.04.24 06:32
Thank you
Ko-saku Takagita
448
Ko-saku Takagita 2022.11.15 08:01 
 

Good. 1H seems to work. Perhaps, depending on the movement, the frequency of display may be high.

Good update!! (11/19)

Shin Eun Gu
3752
Reply from developer Shin Eun Gu 2022.11.29 14:22
Thank you for your opinion. :)
Reply to review
Version 2.5 2023.11.14
(Revision History)
- Rev 2.5
: Added 'Alert and Notification'
Version 2.4 2023.10.14
(Revision History)
- Rev 2.4
: Added 'Tollerance for Open Price'
: Fixed initialization internal function
Version 2.3 2023.05.21
(Revision History)
- Rev 2.3
: Added filtering function with the Marubozu Body percentage
: Marubozu Body Percentage : (Body size / (High - Low) )
Version 2.2 2023.05.03
(Revision History)
- Rev 2.2
: Detect engulfing candle when previous candle is the doji (open and close price are even)
Version 2.1 2023.04.25
(Revision History)
- Rev 2.1
: Fixed bug in the input parameter 'Enable rectangle to guide price 1 and price 2'
Version 2.0 2023.04.24
(Revision History)
- Rev 2.0
: Totally new program with new structure
: Improve function to detect new candle. (Better performance)
: Added Engulfing with upper and lower shadow function.
: Added input method 'Line Style of Box 161'
Version 1.3 2022.11.19
(Revision History)
- Rev 1.3
: Added additional guide box with a price 161.8%
: Arranged input parameters
Version 1.2 2022.11.13
(New features)
- Added showing additional rectangle
: set price 1, 2 with fibonacci price level
- Enable/Disable function
Version 1.1 2022.11.09
(Modified history)

- Rev 1.1 : Modified program to be loated in the indicator path.