Engulfing Candles (Break above wick)This Indicator is made to show actual ENGULFING CANDLES which are only shown when the bullish candle is breaking above the high of the bearish candle and bearish candle breaking above the low of the bullish candle
Engulfings
Daily Engulfing Pattern DetectorThis indicator identifies bullish and bearish engulfing patterns on daily timeframes.
A bullish engulfing pattern occurs when a green candle completely engulfs the previous red candle,
taking out its low and closing above both its open and close prices. This suggests a potential trend reversal from bearish to bullish.
A bearish engulfing pattern occurs when a red candle completely engulfs the previous green candle,
taking out its high and closing below both its open and close prices. This suggests a potential trend reversal from bullish to bearish.
Features:
- Works on daily timeframe by default (customizable)
- Displays visual markers: green triangles for bullish patterns, red triangles for bearish patterns
- Includes built-in alerts for both pattern types
Set up alerts by right-clicking the indicator and selecting "Create Alert"
Engulfing Candles with Sweep by AydmaxxEngulfing Candles with Sweep Indicator
The "Engulfing Candles with Sweep" indicator identifies bullish and bearish engulfing candles that exhibit liquidity sweeps. It marks these significant candlestick patterns and draws a 50% Fibonacci retracement line from the high to low of the engulfing candle. The indicator helps traders spot potential reversal points where large market players might be accumulating or distributing positions.
Key Features:
Bullish Engulfing Candle with Sweep:
Identifies when a bullish candle (closing higher than it opened) engulfs the previous bearish candle (closing lower than it opened).
Ensures that the bullish candle’s low is lower than the previous candle’s low, indicating a sweep of liquidity.
Marks the identified bullish candle with a symbol below the candlestick.
Draws a 50% Fibonacci retracement line from the high to the low of the bullish engulfing candle.
Bearish Engulfing Candle with Sweep:
Identifies when a bearish candle (closing lower than it opened) engulfs the previous bullish candle (closing higher than it opened).
Ensures that the bearish candle’s high is higher than the previous candle’s high, indicating a sweep of liquidity.
Marks the identified bearish candle with a symbol above the candlestick.
Draws a 50% Fibonacci retracement line from the high to the low of the bearish engulfing candle.
Customizable Settings:
Fibonacci Line Color: Allows customization of the Fibonacci retracement line color for both bullish and bearish engulfing candles.
Fibonacci Line Style: Provides options to choose the line style (solid, dotted, dashed).
Fibonacci Line Width: Enables adjustment of the line width for better visibility.
Toggle Fibonacci Lines: Option to enable or disable the display of Fibonacci retracement lines.
How to Use:
Apply the indicator to your chart.
Look for symbols below or above the candlesticks, indicating bullish or bearish engulfing candles with liquidity sweeps.
Utilize the 50% Fibonacci retracement lines to identify potential support or resistance levels.
Benefits:
Helps in identifying key reversal patterns in the market.
Provides visual aids with Fibonacci retracement levels for potential entry and exit points.
Enhances trading decisions by confirming engulfing patterns with liquidity sweeps.
Pattern indicatorRules are pretty simple for this indicator .we are searching candlestick pattern on current day high and low ..
*** Candlestick we are looking for ***
1) Bullish/Bearish Engulfing 2) Bearish/Bullish Harami 3)Hammer/Inverted Hammer
Rule for searching bullish candlestick ====>
1) searching for current day high and day low
2) looking for candlestick as Bullish Engulfing or Bullish Harami or Hammer
3) if we got both rule 1 and rule 2 we are getting label ex- bullish engulfing
4) we can Enable/Disable Candlestick we don't want to search
Rule for bearish candles ====>
1) searching for current day high and day low
2) looking for candlestick as Bearish Engulfing or Bearish Harami or inverted hammer
3) if we got both rule 1 and rule 2 we are getting label ex- bullish engulfing
4) we can Enable/Disable Candlestick we don't want to search
Note -- i have created all indicator calculation ....
Disclaimer: market involves significant risks, including complete possible loss of funds. Consequently trading is not suitable for all investors and traders. By increasing leverage risk increases as well.With the demo account you can test any trading strategies you wish in a risk-free environment. Please bear in mind that the results of the transactions of the practice account are virtual, and do not reflect any real profit or loss or a real trading environment, whereas market conditions may affect both the quotation and execution
Engulfing IndicatorThis is an "Engulfing" indicator. The "Engulfing" candle pattern is a reversal pattern that can appear at the end of an uptrend or downtrend.
The indicator includes the following inputs or settings:
1. `tolerance`: This defines the percentage difference in size that there must be between the body of the current candle and that of the previous candle to consider that one candle "engulfs" the other.
2. `tailSizePercentage`: This defines the maximum percentage size of the candle's tail in relation to the body of the candle for it to be considered valid.
3. `hideBuy` and `hideSell`: If set to true, they hide the buy and sell labels on the chart.
4. `checkTailSize` and `checkPrevTailSize`: If set to true, they check the size of the tail of the current and previous candle in relation to the body of the candle. If the tail is too large (as defined by `tailSizePercentage`), it is not considered valid.
The indicator works as follows:
First, it calculates the size of the body of the current and previous candle. Then, it checks if the current candle is green (close greater than open) or red (close less than open).
Next, it checks if the current candle "engulfs" the previous one. This means that, in the case of a green candle, the open must be less than or equal to the previous candle's close and the close must be greater than or equal to the previous candle's open. For a red candle, it's the other way around.
The indicator also checks if the size of the previous candle's body is at least a certain percentage (defined by `tolerance`) of the size of the current candle's body.
If `checkTailSize` or `checkPrevTailSize` is enabled, the indicator also checks the size of the tail of the current and/or previous candle. If the tail is too large in relation to the body of the candle (as defined by `tailSizePercentage`), the candle is not considered valid.
Finally, if all conditions are met, a buy or sell signal is generated and a label is drawn on the chart. An alert is also generated.
All Candlestick Patterns Screener [By MUQWISHI]▋ INTRODUCTION :
The Candlestick Patterns Screener has been designed to offer an advanced monitoring solution for up to 40 symbols. Utilizing a log screener style, it efficiently gathers information on confirmed candlestick pattern occurrences and presents it in an organized table. This table includes essential details such as the symbol name, signal price, and the corresponding candlestick pattern name.
_______________________
▋ OVERVIEW:
_______________________
▋ CREDIT:
Credit to public technical “*All Candlestick Patterns*” indicator.
_______________________
▋ USAGE:
_______________________
▋ Final Comments:
For best performance, add the Candlestick Patterns Screener on active symbol chart like QQQ, SPY, AAPL, BTCUSDT, ES, EURUSD or …etc.
Candlestick patterns are not a major concept to build a trading decision.
Personally, I see candlestick patterns as a means to comprehend the psychology of the market, and help to follow the price action.
Please let me know if you have any questions.
Thank you.
Engulfing Candles (Bullish and Bearish) + Trend | by Octopu$⛳ Engulfing Candles (Bullish and Bearish ) with Trend Recognition | by Octopu$
This Indicator identifies and plots Engulfing Candlestick Patterns.
Engulfing Candles are a combination of two bars on a price chart.
They are used to indicate/anticipate a market reversal.
The second candlestick must be bigger than the first, so it 'engulfs' the previous bar.
This indicator identifies both Price Movements:
Bullish stands for Upside
Bearish stands for Downside
These are NOT entry/exit signals to buy or sell securities*
(*The combination of your understanding and analysis as well as other Indicators and Factors as Confluence, you can improve your Charting Analysis.)
www.tradingview.com
SPY
ANY Ticker. ANY Timeframe.
( SPY 5m as an example only.)
Features:
• Engulfing Candles
• Bullish Setups
• Bearish Setups
• Symbol Signals
Options:
• Color Picker
• Symbol Selector
• Toggle On/Off
• Show name
• Trend Direction
Notes:
v1.0
Indicator release.
Changes and updates can come in the future for additional functionalities or per requests. Follow and Stay Tuned!
Did you like it? Please Support and Shoot me a message! I'd appreciate if you dropped by to say thanks! Thank you.
- Octopu$
🐙
Candles - The WhaleThe strategy is based on candle patterns, with confluence indicators. Note some of the candles are rare, they can be found only a specific timeframe, or within specific stocks.
The added patterns are as follows:
- Bullish Engulfing
It is formed by two candles, the second candlestick engulfing the first candlestick. The first candle is a bearish candle that indicates the continuation of the downtrend.
The second candlestick is a long bullish candle that completely engulfs the first candle and shows that the bulls are back in the market.
- Bullish Harami
It consists of two candlestick charts, the first candlestick being a tall bearish candle, and the second, being a small bullish candle which should be in the range of the first candlestick.
The first bearish candle shows the continuation of the bearish trend and the second candle shows that the bulls are back in the market.
- Piercing Line
Two candles from it, the first candle being a bearish candle which indicates the continuation of the downtrend.
The second candle is a bullish candle that opens the gap down but closes more than 50% of the real body of the previous candle, which shows that the bulls are back in the market and a bullish reversal is going to take place.
- Bullish Belt
A Bullish Belt Hold, known as “yorikiri” in Japanese, is a single Japanese candlestick pattern that suggests a possible reversal of the current downtrend.
- Bullish Kicker
A bullish kicker is a two candlestick pattern that’s usually formed after a significant downtrend, but could also appear after an uptrend.
- Abandoned Baby
The abandoned baby candlestick pattern is a three-bar reversal pattern. It is similar to the morning and evening star formations and is a very reliable reversal signal when it occurs after a sharp rise or drop.
- Homing Pigeon
The bullish homing pigeon is a two-candle bullish reversal pattern that occurs at the end of a bearish trend. Both candles are negative, but the second candle is confined within the range of the previous candle.
- Breakaway
Breakaway patterns are multi-candle formations found on Japanese candlestick charts that suggest a market reversal may be in the offing. An actual breakaway is a five candlestick formation that occurs in either an upward or downward trend.
- Concealing Baby Swallow
The Concealing Baby Swallow candlestick pattern is a four-candlestick pattern that can signal a bullish reversal price movement or a bearish continuation move, depending on where it occurs in the overall market structure. However, the pattern is quite rare, and you may not encounter it in your trading.
- Doji Dragonfly
A dragonfly doji can be an indicator of a reversal in price. When the price of a security has shown a downward trend, it might signal an upcoming price increase.
- Doji Gravestone
The Gravestone Doji forms when the price closes at relatively the same level where it opened, providing that the open coincides with the low or at least the two are very close
- Doji Star
Consists of a long bullish candle, followed by a Doji that gaps up, then a third bearish candle that gaps down and closes well within the body of the first candle. An Evening Doji Star is a three-candle bearish reversal pattern similar to the Evening Star.
- Kicker
A kicker pattern is a two-bar candlestick pattern that predicts a change in the direction of an asset's price trend. This pattern is characterized by a sharp reversal in price over the span of two candlesticks. Traders use it to determine which group of market participants is in control of the direction.
- Ladder Bottom
Is a five-candle bullish reversal pattern that occurs at the end of a bullish trend. The four first candles are bearish and followed by a positive candle that starts with a positive gap.
- MatHold
A bullish pattern begins with a large bullish candle followed by a gap higher and three smaller candles which move lower.
- Matching Low
A matching low is a bullish two-candle reversal pattern that forms in an ongoing downtrend. As to its appearance, a matching low consists of two candlesticks that are negative, but the close at or around the same price.
- Meeting Lines
Bullish meeting lines are a two-candle bullish reversal pattern that occurs in a downtrend and signals a reversal of the trend. The first candle of the bullish meeting lines is bearish, and followed by a positive candle that closes very near the close of the previous candle.
- Morning Doji Star
It is made of 3 candlesticks, the first being a bearish candle, the second, a Doji, and the third being a bullish candle.
The first candle shows the continuation of the downtrend. The second candle being a doji indicates indecision in the market. The third bullish candle shows that the bulls are back in the market and a reversal will take place. The second candle should be completely out of the real bodies of the first and third candles.
- Rising Three Method1
Rising three methods is a bullish continuation pattern that appears in an ongoing uptrend. The Rising three methods pattern consists of five candles. where the first and last candles are long and bullish, with three small bearish candles in between.
- Rising Three Method2
It is the same as "Rising Three Method1" but with a different calculation
- Upside Tasuki Gap1
Is a bullish continuation candlestick pattern that forms in an ongoing uptrend. It consists of three candles, where the two first are bullish with a positive gap in-between, and followed by a negative candle that closes in the gap formed between the first two candles.
- Upside Tasuki Gap2
It is the same as "Upside Tasuki Gap1" but with a different calculation
- Three Line Strike1
Is a four-candle bullish continuation candlestick pattern. It forms a bullish trend and is believed to signal the continuation of the bullish trend.
- Three Line Strike2
It is the same as "Three Line Strike2" but with a different calculation
The confluence indicators:
Movement Averages: multi options checks, you can select what to check to open a position, and the description of each open is in the strategy.
Volume Oscillator: positive signal if the volume is above zero.
EMA: positive signal if the candle source is above EMA.
VWAP: positive signal if the candle source is above VWAP.
BTC Trend: it is an equation to track the BTC price movement
The profit is based on TSL, while the stop loss is based on ATR, or lowest candle.
The recommended time frame is 4 hours.
Engulfing Candles AlertThis is a Engulfing Candle Indicator with Alerts.
This is not like any other Engulfing candle indicator present on TV. There are some special rules that are being used to identify specific engulfing candles.
Also, the user can choose if they like nice body engulfing or they want to ignore them.
The indicator have the following highlights:
1) Ability to choose the color of the engulfing candle body.
2) Ability to choose a different color for the Liq (liquidity) swap engulfing candle body.
Bullish Engulfing after Liq Swap
Bearish Engulfing after Liq Swap
3) With above 2 options, you can get the desired information without plotting any extra information on the chart.
4) You can put the alerts for getting notified when these patterns forms on the chart.
5) Ability to choose between getting notified or not on the chart if the engulfing candle body is less than 40% of the whole candle size. This is useful in order to identify if the engulfing is really powerful or not.
After selecting the option to ignore such engulfing
6) Ability to choose between getting notified or not on the chart if the engulfed candle body is really small. This is in particular useful for avoiding the engulfing of Doji which in turn might not be that powerful.
After selecting the option to ignore such engulfing
We will keep on making the improvements/Enhancements over the time (Check the changelog for such features)
NOTE: The indicator is of best use if you have a defined & back tested strategy which relies on this type of candlestick pattern.
Bullish Engulfing AlertThis is a Bullish Engulfing Candle Indicator with Alerts.
This is not like any other Bullish Engulfing candle indicator present on TV. There are some special rules that are being used to identify specific engulfing candles.
Also, the user can choose if they like nice body engulfing or they want to ignore them.
The indicator have the following highlights:
1) Ability to choose the color of the engulfing candle body.
2) Ability to choose a different color for the Liq (liquidity) swap engulfing candle body.
3) With above 2 options, you can get the desired information without plotting any extra information on the chart.
4) You can put the alerts for getting notified when these patterns forms on the chart.
5) Ability to choose between getting notified or not on the chart if the engulfing candle body is less than 40% of the whole candle size. This is useful in order to identify if the engulfing is really powerful or not.
6) Ability to choose between getting notified or not on the chart if the engulfed candle body is really small. This is in particular useful for avoiding the engulfing of Doji which in turn might not be that powerful.
We will keep on making the improvements/Enhancements over the time (Check the changelog for such features)
NOTE: The indicator is of best use if you have a defined & back tested strategy which relies on this type of candlestick pattern.
Bearish Engulfing AlertThis is a Bearish Engulfing Candle Indicator with Alerts.
This is not like any other Bearish Engulfing candle indicator present on TV. There are some special rules that are being used to identify specific engulfing candles.
Also, the user can choose if they like nice body engulfing or they want to ignore them.
The indicator have the following highlights:
1) Ability to choose the color of the engulfing candle body.
2) Ability to choose a different color for the Liq (liquidity) swap engulfing candle body.
3) With above 2 options, you can get the desired information without plotting any extra information on the chart.
4) You can put the alerts for getting notified when these patterns forms on the chart.
5) Ability to choose between getting notified or not on the chart if the engulfing candle body is less than 40% of the whole candle size. This is useful in order to identify if the engulfing is really powerful or not.
6) Ability to choose between getting notified or not on the chart if the engulfed candle body is really small. This is in particular useful for avoiding the engulfing of Doji which in turn might not be that powerful.
We will keep on making the improvements/Enhancements over the time (Check the changelog for such features)
NOTE: The indicator is of best use if you have a defined & back tested strategy which relies on this type of candlestick pattern.
Signs [SignalCave]Swings, Engulfs, Golden & Death Crosses, Price Squeezes, Pullbacks, Breakout & Breakdowns, Volume Rushes
A swing low is when price makes a low and is immediately followed by consecutive higher lows. Likewise, a swing high is when price makes a high and is followed by consecutive lower highs.
Swing Failure Pattern (SFP) is a type of reversal pattern that can be used as buy or sell signals.
Engulfing candles tend to signal a reversal of the current trend in the market. This specific pattern involves two candles with the latter candle 'engulfing' the entire body of the candle before it.
On this indicator, bullish engulfs visible only on downtrend and oversold conditions. Bearish engulfs visible only on uptrend and overbought conditions.
The death cross and golden cross are technical analysis terms for when a moving average (MA) intersects with another from either above or below.
The cross, depending on which it is, can signal the start of a new trend or the end of one.
Squeeze signs signifies low volatility, market preparing itself for an explosive move up or down direction.
Bullish Pullbacks are widely seen as buying opportunities after an asset has experienced a large upward price movement. Most pullbacks involve an asset's price moving to an area of technical support , such as a moving average, before resuming their uptrend.
Bearish Pullbacks are widely seen as selling opportunities after an asset has experienced a large downward price movement. Most pullbacks involve an asset's price moving to an area of technical resistance , such as a moving average, before resuming their downtrend.
A breakout refers to when the price of an asset moves above a resistance area, breakdown refers to when the price of an asset moves below a support area.
Breakouts/breakdowns indicate the potential for the price to start trending in the breakout direction.
For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher.
Volume rush signs appears when the trading volume increases more then a usual period. It can be useful with combining breakout signals as a confirmation.
Alerts are available for various conditions such as "Bullish/Bearish SFP, New Swing High/Low, Breakout/Breakdown, Bullish/Bearish Engulf, Golden & Death Cross, Bullish/Bearish Pullbacks, Squeeze, Volume Rush"
Type asset name on symbol search area.
Adjust your timeframe that you wish to track.
Click "Create Alert" .
Select one of the condition that you wish to get inform from create alert panel.
Select "Once Per Bar Close" option.
Click "Create" .
Engulf Pattern DetectorThis indicator let us automatically detect and color the strongest and most powerful Engulf Patterns in any time frame.
Its difference and great potential regarding other existing indicators is that its formula takes into account the average size of the previous candles throughout the ATR, therefore, it only indicates the really strong ones that interest us for Price Action, Supports and Resistances in supply and demand levels. These strongest levels are the ones which work at best as turning points pivot points for the market.
This indicator let us to adjust ourselves to the best configuration by means of parameters in order to be more strict in the force of the impulses and to approximately mark the quantity of Engulf Patterns.
Este indicador nos permite detectar y pintar de color de forma automática los Patrones Engulf más fuertes y potentes en cualquier marco de tiempo posible.
Su diferencia y gran potencial con respecto a los demás indicadores existentes es que su fórmula tiene en cuenta el tamaño medio de las velas anteriores mediante el ATR y por tanto, sólo señala los realmente fuertes que nos interesan para el Price Action y los Soportes y Resistencias en niveles de Oferta y Demanda. Estos niveles más fuertes son aquellos que mejor funcionan como puntos pivote de giro del mercado.
Este indicador nos permite ajustar mediante los parámetros la mejor configuración para ser más estrictos en la fuerza de los impulsos y marcar más o menos cantidad de patrones de Engulf.
Parameters Settings / Parámetros Ajustables:
[ ERC Min Body vs Full Candle Size % : Minimum body percentage vs full candle to consider “Extended Range Candle”, default 75% / Porcentaje mínimo del “cuerpo” de la vela con respecto a la vela entera para considerarla una “Vela Extendida”, por defecto 75%]
[ Engulf Full Candle Size vs ATR % : Minimum Full candle size percentage vs ATR average, default 150% / Porcentaje mínimo del tamaño de la vela completa respecto al ATR medio, por defecto 150%]
[ ATR Length : Candles Number to calculate ATR average, default 30 / Cantidad de velas para medir el ATR, por defecto 30]
[ Use ATR filter? : We can activate or deactivate the ATR calculates, default activated / Podemos anular el cálculo sobre el ATR y hacerlo normal, por defecto activado]
Color Settings / Colores Ajustables:
[ Color 0 : Vela Engulf Alcista / Bullish Engulf]
[ Color 1 : Vela Engulf Bajista / Bearish Engulf]
Engulfing/Outside BarThis indicator provides a statistical report on the Engulfing/ Outside Bar candlestick pattern. Based on the chart's bars, it can improve your edge on any markets and timeframes.
Knowing there are many definitions about the Engulfing/ Outside Bar pattern, here we're strictly referring to one bar's body engulfing one other AND making a higher high and lower low.
The report is broken down into the different following sections: retracement , invalidation , continuation and breakout .
Each of them provides hindsights about the pattern price behavior and brings answers to questions such as: How often does price retrace? Does the pattern often invalidate? If it doesn't then does it break in the pattern's direction? How far does price go? What are the odds of a false breakout?
While there are many ways to make use of the metrics, my favorite use case is for developing directional and daily/weekly biases while refining my stop/entry/target positioning.
Miscellaneous
Highlights patterns on the chart;
Supports bar to bar analysis and replay functionalities;
Provides counts on the `Data Window` panel for debugging or computing your own metrics;
Settings
Option for filtering patterns that close outside previous bar;
Show/hide for toggling different sections;
Report coloring and offset on the x axis;
Gaining Access
This is a private indicator and is available only for my Patrons. You can reach my Patreon page below from the link in my signature.
[astropark] Engulfing that mattersDear Followers,
today a new Price Action Tool , the "Engulfing that matters" .
Everybody knows the importance of engulfing to find
supply and demand zones
market makers' actions
trend switching in short-term and mid-term future
They can be both bullish or bearish , but the real problem is that not all, but only a few engulfing matters ! And this tool will filter them for you.
This indicator works
on every timeframe (eg. 5m, 15m, 30m, 1h, 2h, 4h, 6h, 1D, ...)
on cryptocurrencies (eg. XBTUSD, ETHUSD, ETHBTC, both USDT and BTC markets, ...)
on forex (eg. EURUSD, GPBUSD, JPYUSD, ...)
on stocks (eg. AMZN, FB, TSLA, GOOG, NFLX, ...)
on commodities (eg. GOLD, SILVER, OIL, ...)
This indicator has following options:
edit filter based on fixed or percentage volatility change
edit filter based on candle value size
show a suggestion of possible entries and stoploss
You can enhance your trading by using it together with my Breaker Blocks (BB) and Supply/Demand Order Blocks (OB) indicator, so you can easily spot important points where to start a short or a long trade.
Here my Breaker Blocks (BB) and Supply/Demand Order Blocks (OB) indicator
Here below some examples on how to use the indicator.
BTCUSDT 1D
ETHUSDT 1h
BNBBTC 4h
EURUSD 30m
GBPUSD 5m
TSLA 1D
FB 4h
XAUUSD 4h
XAGUSD 15m
Brent Oil 1D
Here below an example of suggested entries on stoploss
BEST Ultimate Engulfing ScreenerHello traders
Continuing deeper and stronger with the screeners serie. I keep getting requests private messages and requests saying that screeners aren't possible with TradingView.
My answer is always... "Reallyyy ??" (I never find a better answer than that...)
I'll publish a few screeners just for everyone to understand what can be done with Pinescript. We don't have to wait for TradingView to allow screener based on custom indicator - we can build our own ^^
I - What is an engulfing pattern
Let's start with a screener to check for a very famous candlestick pattern called engulfing
Engulfing candles tend to signal a reversal of the current trend in the market. This specific pattern involves two candles with the latter candle ‘engulfing’ the entire body of the candle before it.
The engulfing candle can be bullish or bearish depending on where it forms in relation to the existing trend
Source and more info here
These engulfing candles indicate a strong shift in direction, and when combined with observation of the price-trending direction that precedes it, this shift creates the opportunity for a trading strategy.
II - How did I set the screener
I added an optional filter being Price vs SMA. The idea is to select only the engulfing whenever the price also breaks an SMA - this usually translates a stronger move - but could sometimes give the signal too late (#meh #trading #ain't #easy)
The visual signals are as follow:
- square: whenever the engine detects an engulfing and an SMA breakout
- triangle: the engine only detects an engulfing
- dash: none of the above
Then the colors are:
- orange when bullish
- yellow when bearish
- aqua/dash when none of the above
Cool Hacks
"But sir... what can we do with only 5 instruments for a screener?" I agree not much but...
even if I allow only 5 instruments per indicator - nothing prevents you from adding multiple times the same indicator and changing the selected instruments for each. I also show why the SPX500 gave a yellow triangle (bearish engulfing) and how to match it with the screener.
=> imgur.com
Wishing you all the BEST trading
Dave
Engulfing Candles DetectorHello traders
Credit to HPotter for that script
I took his script and added alerts to it. 2 lines lol
But anyway, useful to detect reversals by coloring bullish/bearish engulfing candles :)
Enjoy
David
Candlestick identificationThis is a first draft of a candlestick pattern recognition study. As of now individual candles and some two-candle patterns can be identified. More to come ...
candlestick pattern recognitionThe default script has: Doji , Bearish Harami, Bullish Harami, Bearish Engulfing , Bullish Engulfing , Piercing Line, Bullish Belt, Bullish Kicker, and Bearish Kicker. The Piercing Line, Bullish Belt, and the Kickers will usually show up better in the daily charts .
Bearish Engulfing StrictMost of the engulfing indicators i tried seemed to only look at the candle bodies which i didnt like. This one takes into account the highs and lows as well. You get less signals but each one seem to be more reliable.
Bullish and Bearish Engulfing Patterns auto detectionThis simple indicator detects automatically most important bullish and bearish candlestick patterns formations. Used to locate potential supply and demand imbalances.
Copyright 2017 Alfonso Moreno www.set-and-forget.com
EngulfingsEngulfings for bullish and bearish candles. Default is to compare to 20MA, but that is configurable. Bullish make white candles, bearish makes black candles. If the engulfing is against the direction of the MA, or if open and close are on opposite sides of the MA, the candles turn gray.