HP Engulfing Pattern Indicator
This is a very simple indicator which identifies and displays engulfing pattern on the chart with the help of arrows.
- The indicator scans through all the bars/candles on the chart. As soon as it identifies an engulfing pattern, it draws an arrow on the chart.
- It works on all symbols.
- It works for all time frames.
- It displays arrows on charts.
- The color and size of arrows can be adjusted from the 'color' tab in indicator inputs.
- By default the colors are set to Red and Blue.
- The arrows also show bullish and bearish bars/candles.
- The Up Red arrows show bearish bars.
- The Down Blue arrows show bullish bars.