Enigma EngulfPlus
- Indicatori
- Versione: 1.0
- Attivazioni: 5
Enigma EngulfPlus
Overview
Enigma EngulfPlus is a professional engulfing reversal indicator designed to identify strong market reversals by combining an enhanced engulfing pattern with multiple optional confirmation filters.
Unlike standard engulfing indicators, Enigma EngulfPlus requires the engulfing candle to show significant body expansion, helping identify stronger momentum shifts while filtering out weak reversal patterns.
How It Works
The indicator detects Bullish and Bearish EngulfPlus patterns, then validates each setup using selected confirmation filters before displaying a signal.
- Blue arrows indicate potential buy setups.
- Red arrows indicate potential sell setups.
Signals are generated only after the candle closes to ensure stable non-repainting behavior.
Key Features
- Non-repainting signals after candle close
- Enhanced EngulfPlus pattern with body expansion filter
- Optional Bollinger Band Extreme confirmation
- Optional CCI, RSI, ADX, EMA, and Higher Timeframe filters
- Optional Volume, Session, and Spread filters
- Automatic ATR-based Stop Loss and Take Profit levels
- Trade zones and built-in dashboard
- Push notifications and sound alerts
How to Use
1. Entry Signals
Wait for an arrow to appear after the candle closes.
- A blue arrow suggests a potential buy setup.
- A red arrow suggests a potential sell setup.
It is recommended to enter at the opening of the next candle.
2. Risk Management
The indicator automatically displays:
- Stop Loss (SL)
- Take Profit 1 (TP1)
- Take Profit 2 (TP2)
- Take Profit 3 (TP3)
All levels are calculated using ATR-based market volatility.
3. Improving Signal Quality
For higher-quality signals, activate the Higher Timeframe, EMA, ADX, or Volume filters. The Bollinger Band Extreme and CCI filters can further reduce weaker reversal setups, while the Session and Spread filters help avoid unfavorable trading conditions.
All parameters can be adjusted according to your trading strategy.
4. Recommended Usage
Suitable for Forex, Gold, Indices, and Crypto CFDs on all timeframes. For additional confirmation, it can be combined with support and resistance, liquidity zones, or market structure analysis.
Notes
- Signals are generated only after candle confirmation.
- The indicator does not repaint or use future candle data.
- It is recommended to test the indicator on a demo account before live trading.
- This indicator is a technical analysis tool and should be used together with proper risk management.
