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Ultimate Engulfing Scanner Multi Pair Multi TF

(FOR MT4) Ultimate Engulfing Scanner Multi Pair And Multi Time Frame: 

This indicator has been designed to find the strongest engulfing patterns in the forex market.


- An engulfing pattern is very simple to trade, without the need for any complicated analysis.


- This patterns provides an excellent risk and reward ratio. Because your potential wins will 

   always be considerably larger than your potential losses. And this is CRITICAL to your long term 

   trading success. 


- You have the highest probability of success when you this pattern occurs at the end of an extended trend.

   And this is why we have put two separate filters into this indicator. So that you don't waste your valuable

   time with meaningless alerts. 



IMPORTANT FACTORS TO KEEP IN MIND:

Nothing is more important than price action.


A strong engulfing candle at the end of a trend is a clear indication that the institutions have flipped.

If it happens at the end of an uptrend, it means that the institutional bears are now in charge. 

And if it happens at the end of a downtrend, it means that the institutional bulls are now in charge. 


Features:

  • This indicator can monitor all 28 pairs at the same time.
  • It can monitor every timeframe, from 1 Minute to Monthly. All at the same time. 
  • It will automatically trigger an alert whenever the appropriate pattern is identified.
  • It can monitor any symbol in your Metatrader platform. Including crypto, commodities, indices, equities, ETF's etc. 
  • It uses two filters (RSI and Consecutive Candles) in order to catch the patterns at the end of a trend.                                                                                                    

- This indicator only needs to be placed on one chart and it will simultaneously monitor the entire market, all on one screen.

  This will save you an enormous amount of time and effort. As you won't have to flip through dozens of charts for analysis. 
  And this will allow you to focus on other aspects of your trading. Such as further technical (or fundamental analysis).
  This will also give you more time to find other trading opportunities. 


Indicator Parameters:

  • Symbols: The indicator monitors the top 28 pairs by default, but you can select less pairs if you wish.
  • Use RSI Filter: True = Yes, False = No
  • RSI Period: Setting for RSI filter
  • RSI Up Level: Overbought level for RSI filter. Bearish engulfing candle must form above this level in order to be valid.
  • RSI Down Level: Oversold level for RSI filter. Bullish engulfing candle must form below this level in order to be valid.
  • Use Consecutive Filter: True = Yes, False = No
  • Consecutive Candles: Will look for the engulfing candle after "X" number of consecutive candles. 
  •           

For Example: 

If you select "5", it will look for an engulfing candle after 5 consecutive candles of the opposite color.

Therefore, if there are 5 consecutive down candles and then there is a bullish engulfing candle, it will trigger an alert.  


    You have the option of using both filters if you wish. Or only one of them. Or none. 

    It is completely up to you.



See the images below for further details and contact us if you have any questions.



HUNDREDS OF 5 STAR REVIEWS AND OVER TWO DECADES OF REAL WORLD MARKET EXPERIENCE:

This indicator has been created by a former hedge-fund employee, with almost 25 years

of market experience. And our company has been selling high quality indicators on this

platform since 2015.


Over the years we have helped THOUSANDS of satisfied clients and we have received

HUNDREDS of 5 star reviews. 


And we are proud to say that all of our reviews are 100% GENUINE

With absolutely no client manipulation, or questionable tactics of any kind. 


For further details regarding our background, we STRONGLY RECOMMEND that you take a look

at our profile. In order to get a better understanding of our overall trading experience and our

approach to the market.


https://www.mql5.com/en/users/escobedofx21



Comentarios 1
forextiff
714
forextiff 2019.02.05 13:05 
 

5 STARS!!! Let me say this... from the beginning Mike was 100% with customer service. I honestly never seen anything like it. I have to apologize in advance... this review was a long time coming as with the service I received, I wanted to do a review immediately but better late than never right? I am really happy I ran into Mike and his indicators on mql5. I am not a review writer... not one bit. But Mike's level of service could not be ignored. The time he took to fully answer all of my questions and also with the way he went above and beyond with more than just the indicator, there was no way I was not going to write a review to let everyone know they are and will be in good hands! Thank you Mike. I will be in touch shortly!

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THE ONLY CURRENCY STRENGTH INDICATOR THAT IS BASED ON PRICE ACTION. DESIGNED FOR TREND, MOMENTUM & REVERSAL TRADERS This indicator  reads price action to confirm trend and strength . Advanced multi-currency and multi-time frame indicator that shows you simply by looking at one chart, every currency pair that is trending and the strongest and weakest currencies driving those trends. For full details on how to use this indicator, and also how to get our latest chart tool FREE, please see user m
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TrendfollowerSR
Paul Reymkhe
                     B ULL B EAR I NNOVATION                ⚜️ Technology To Success ⚜️   Correct identification of the trends in stock investments are pivotal and TrendFollowerSR ensures this perspective while displaying the correct trend on multiply timeframes to help you go long way as much as possible. The latest technology of the Indicator enables to track whether if a certain trend has just begun ,
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Magic M2
Tuan Anh Dao
⭐⭐⭐    WHO BOUGHT MAGIC M2 WILL BE GET BRIDGE CONNECTOR TO IQ OPTION FREE  ⭐⭐⭐ PLEASE CONTACT ME. The indicator allows you to trade binary options. T his indicator give high winning ratio with over 20 years of backtesting  The recommended time frame is М1 and the expiration time is 3, 5 minutes. The indicator suitable for Auto and Manual trading. A possible signal is specified as a arrows above/under a candle. You can entry current candle /intrabar or can wait until candle close Arrows are not r
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Laguerre VIX Trend Extrema
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The Laguerre VIX Trend Extrema (LVTE) indicator detects market tops and bottoms. As its name suggests, LVTE is a percentage price oscillator that identifies extreme ranges in market price. As described in John F. Ehlers book "Cybernetic Analysis for Stocks and Futures," incorporating Laguerre's equation can facilitate more advanced trend detection and smoother filters, while requiring less data. Here, we use multiple variants on Laguerre's equation, for robust detection of price maxima and minim
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IntradaySignals
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Intraday Signals is a visual and effective semi-automatic trading system, that: generates possible entry points to open BUY and SELL trades; displays recommended  Take Profit and Stop Loss; displays current profit on open trade; displays  current spread. The profitability of the indicator is shown in the screenshot on the example of the GBPUSD pair Does not redraw and works on opening bar.  Time frames - M1-H1. Signals are produced based on the used of HMA, Laguerre, ADX and local extremums. Set
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Nihilist and ForexAlien Indicator
TRADERWE FOREX SL
El Indicador Nihilist 5.0 incluye las estrategias y sistemas de trading Forexalien y Nihilist Easy Trend. El indicador se compone de un Dashboard MTF en donde se puede analizar las distintas posibilidades de entradas de cada estrategia con un simple vistazo. Dispone de un sistema de alertas con distintos tipos de filtros configurables y por cada TF que desee seleccionar los avisos en su plataforma Metatrader 4 y Smartphone. El indicador tiene la opción de seleccionar los TP y SL por ATR o fijo
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Best Currency Strength Indicator
Tumelo Rakotsoane
Advanced Currency Strength Indicator The Advanced Divergence Currency Strength Indicator. Not only it breaks down all 28 forex currency pairs and calculates the strength of individual currencies across all timeframes , but, You'll be analyzing the WHOLE forex market in 1 window (In just 1 minute) . This indicator is very powerful because it reveals the true movements of the market.  It is highly recommended to  analyze charts knowing the performance of individual currencies or the countries ec
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Automated Trendlines
Georgios Kalomoiropoulos
Trendlines  are the most essential tool of technical analysis in forex trading.  Unfortunately, most  traders don’t draw them correctly. Automated Trendlines indicator is a professional tool for serious traders that help you visualize the trending movement of the markets . There are two types of Trendlines Bullish Trendlines and Bearish Trendlines. In the uptrend, Forex trend line is drawn through the lowest swing-points of the price move. Connecting at least two "lowest lows" will create a
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Engulfing Bar Indicator
Renaud Candel
Engulfing Bar Indicator is a pattern recognition indicator for Forex and Binary Options. The Engulfing Bar Indicator is a slightly enhanced pattern of the popular engulfing candle. The strategy that comes with the Engulfing Bar is purely based on price action. Inputs of the indicator are : Distance: distance in pixels relative to top or bottom of candle to display the arrow symbol UseAlerts (true/false): enable alerts PopAlerts (true/false): enable alerts in a popup window EmailAlerts (true/fals
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Shepherd Harmonic Pattern
Abdullah Alrai
This indicator will detect harmonic patterns that are drawn on the chart by manual and automatic methods. You can see user manual from this link: https://www.mql5.com/en/blogs/post/719257 There is a free version to try this product. You can use it to detect Gartley and Nenstar patterns: https://www.mql5.com/en/market/product/30181 Notes Indicator has control panel and it will save every (chart & timeframe) settings. You can minimize it to have more space on chart and you can press close button
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forextiff 2019.02.05 13:05 
 

5 STARS!!! Let me say this... from the beginning Mike was 100% with customer service. I honestly never seen anything like it. I have to apologize in advance... this review was a long time coming as with the service I received, I wanted to do a review immediately but better late than never right? I am really happy I ran into Mike and his indicators on mql5. I am not a review writer... not one bit. But Mike's level of service could not be ignored. The time he took to fully answer all of my questions and also with the way he went above and beyond with more than just the indicator, there was no way I was not going to write a review to let everyone know they are and will be in good hands! Thank you Mike. I will be in touch shortly!

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