A simple indicator that marks FULL CANDLE engulfing candles...
current high > previous high
current low < previous low
bullish: close > open (triangle below)
bearish: close < open (triangle above)
A lot of the engulfing indicators available are body only. I created a FULL CANDLE indicator because that's what I prefer using.
Can be useful for...
Very simple engulfing bar indicator. Changes the color of bearish and bullish engulfing candles. Colors are adjustable.
The definition of engulfing bar for this indicator is that the engulfing bar has a higher or equal high than the preceding bar and a lower or equal low that the preceding bar.