Naked Forex Engulfing Bar indicator for MT5

Engulfing Bar IndicatorEngulfing Bar indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos.
The Engulfing Bar indicator is an enhanced pattern of the popular Engulfing Bar to   keep only the best patterns produced in the market.
The strategy that comes with the Engulfing Bar is 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/false): enable email alerts
  • PushAlerts (true/false): enable push notifications
  • SoundAlerts (true/false): enable sound alerts
  • SoundFile: file to be used for sound alerts
Trading rules:
  • For BUY: wait for a bullish Engulfing Bar to print on a support zone after a down trend. Wait for the price to break high of the Engulfing Bar (5 pips above the high for H1 and higher timeframes, 1 pip for M5). Immediately enter in the trade once high is broken. You also can use a BUY STOP order placed 5 pips above the high of the candle (plus spread). Stop Loss should be placed below the low of the Engulfing Bar. If order is not triggered in the next candle, then trade is invalidated and should be canceled.
  • For SELL: wait for a bearish Engulfing Bar to print on resistance zone after an up trend. Wait for price to break the low of the Engulfing (5 pips below the low for H1 and higher timeframes, 1 pip for M5). Immediately enter in the trade once low is broken. You also can use a SELL STOP order to place 5 pips below the low of the candle. Stop Loss should be placed above the high of the Engulfing Bar. If order is not triggered in the next candle then trade is invalidated and should be canceled.

We also offer the   Naked Forex Big Shadow indicator which is an enhanced version of the Engulfing pattern and that might interest you.
The Engulfing Bar indicator can be used with any timeframe.
The Engulfing Bar indicator can be used with any class of asset: Forex, Stocks, Indices, Futures, Commodities and Cryptos.

Other indicators for MT4:
We developed more than 60 indicators and utilities for Metatrader 4 and Metatrader 5.

Indicators for MT5:
All our indicator are developed both for MT4 and MT5.

List of all our indicators:
👉  You can get the complete list of our indicators visiting our profile page.

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Roman Podpora
5 (1)
META TREND PRO       — est un outil de suivi de tendance qui élimine les conjectures en matière de trading et indique les décisions déjà prises par le marché. Cet indicateur identifie les points clés de changement de tendance et de structure, et met en évidence les zones de retournement des prix, offrant ainsi aux principaux acteurs l'opportunité de se positionner. Vous ne vous contentez pas d'observer le mouvement : vous en comprenez la logique. Tous les signaux sont enregistrés après la clôtur
ACB Breakout Arrows MT5
KEENBASE SOFTWARE SOLUTIONS
3.5 (2)
L’indicateur ACB Breakout Arrows fournit un signal d’entrée crucial sur le marché en détectant un modèle de rupture spécifique. Il analyse en continu le graphique à la recherche d’un momentum établi dans une direction et déclenche un signal précis juste avant le mouvement principal. Obtenez le scanner multi-actifs et multi-unités de temps ici - Scanner pour ACB Breakout Arrows MT5 Fonctionnalités principales Les niveaux de Stop Loss et Take Profit sont fournis par l’indicateur. Inclut un table
Ce tableau de bord affiche les derniers   modèles harmoniques   disponibles pour les symboles sélectionnés, ce qui vous permettra de gagner du temps et d'être plus efficace /   version MT4 . Indicateur gratuit:   Basic Harmonic Pattern Colonnes de l'indicateur Symbol :   les symboles sélectionnés apparaissent Trend   :   haussière ou baissière Pattern :   type de motif (gartley, papillon, chauve-souris, crabe, requin, cypher ou ABCD) Entry:   prix d'entrée SL:   prix du stop loss TP1:   1er
PZ Day Trading MT5
PZ TRADING SLU
2.83 (6)
Effortless trading: non-repainting indicator for accurate price reversals This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade It provides
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Renaud Herve Francois Candel
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Renaud Herve Francois Candel
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