EngulfScanner

EngulfScanner is an MQL5 indicator designed to automatically and instantly detect Engulfing candle patterns—both bullish and bearish—on any timeframe and any instrument (Forex, indices, commodities, cryptocurrencies). With a highly customizable set of parameters, you can adapt it effortlessly to your trading style and integrate it into Expert Advisors without rewriting a single line of code.

Main Features

• Live detection – Analyzes the forming bar to alert you ahead of potential reversals.

• Two separate buffers – Marks bullish and bearish patterns with clear arrows on the chart (Wingdings 233/234).

• Flexible parameters

  • TolerancePoints — Tolerance margin in points based on the symbol’s  _Point .

  • MinBodyRatio — Minimum ratio between the current body and the previous body.

  • ConsiderWicks — Include or exclude wicks in the pattern check.

  • MinBodySizePoints — Minimum size of the first candle’s body.

• Full compatibility – Works out‑of‑the‑box on MetaTrader 5 with no extra modifications, thanks to generic variables and buffers.

• EA integration – Call it via  iCustom()  to leverage its signals inside your Expert Advisors.

Trader Benefits

• Accurate signals – Filters out noise from false reversals using ratio and tolerance checks.

• Reduced mental load – Never miss an Engulfing pattern on your preferred timeframe again.

• Full automation – Integrate in an Expert Advisor to enter and exit the market via objective rules.

• Support & updates – Receive ongoing assistance and new versions with additional filters.

How to Use the Indicator on a Chart

1. Copy  EngulfScanner.mq5  to the MQL5/Indicators folder.

2. Compile it in MetaEditor and drag the indicator onto your chart.

3. Customize the parameters from the input panel.

Take your trading to the next level with this professional, lightweight, and fully customizable indicator. Add EngulfScanner to your arsenal today!