High-Volume Bearish Engulfing

How This Script Works
Bearish Engulfing Pattern

The current red candle engulfs the previous green candle.
Open price is higher than the previous close, and the close is lower than the previous open.
High Volume Filter

The current volume must be 1.5x higher than the average volume of the last 5 candles (configurable).
RSI Confirmation (Optional)

If enabled, checks if RSI > 70 (overbought zone), confirming the potential downtrend.
Marks Bearish Engulfing Candles on the Chart

A red downward arrow is plotted when all conditions are met.