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Indicatori

Engulfing Pattern Indicator with Volume Confirmation - indicatore per MetaTrader 5

Ezequiel Henrique Melo Do Nascimento
Visualizzazioni:
1920
Valutazioni:
(4)
Pubblicato:
2025.05.27 00:03
Scarica come ZIP, Come scaricare il codice da MetaEditor
Freelance MQL5 Hai bisogno di un robot o indicatore basato su questo codice? Ordinalo su Freelance Vai a Freelance

Description:

This indicator identifies bullish and bearish engulfing candlestick patterns on the chart and optionally confirms them with volume. When the volume of the current candle exceeds that of the previous one, the pattern is considered stronger and more reliable. The user can choose whether or not to apply this volume confirmation filter.

External Inputs:

  • BullishArrowColor : Color of the arrow marking bullish engulfing patterns.

  • BearishArrowColor : Color of the arrow marking bearish engulfing patterns.

  • UseVolumeFilter : Enables or disables volume confirmation.

How to Interpret:
An arrow pointing upward below a candle indicates a bullish engulfing pattern, while a downward arrow above a candle indicates a bearish engulfing pattern. When volume confirmation is enabled, only engulfing patterns with increasing volume are shown.

Illustration:

Engulfing Pattern Indicator — Visual Chart Example

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