In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
//////////////////////////////////////////////////////////// // Copyright by HPotter v1.0 01/04/2014 // // This is a bearish candlestick reversal pattern formed by two candlesticks. // Following an uptrend, the first candlestick is a up candlestick which is // followed by a down candlestick which has a long real body that engulfs or // contains the real body of the prior bar. The Engulfing pattern is the reverse // of the Harami pattern. //////////////////////////////////////////////////////////// study(title = "Bearish Engulfing", overlay = true) barcolor(close > open ? open > close ? open >= close ? open >= close ? open - close > close - open ? yellow :na :na : na : na : na)
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