PROTECTED SOURCE SCRIPT
Aggiornato IL - Bull and Bear Engulfing Detector - v01
Description:
This indicator is designed to identify and highlight Bullish and Bearish Engulfing
candlestick patterns on your chart. It offers a high degree of customization
through different engulfing definitions and an optional strictness filter, allowing
traders to tailor the detection to their specific criteria for these common reversal signals.
Features:
- Universal Detection: Identifies both Bullish Engulfing and Bearish Engulfing patterns.
- Configurable Engulfing Modes (via "Engulfing Definition Type" input):
1. "Body (O/C)": Traditional - current body engulfs previous body.
2. "Range (H/L)": Current H/L range engulfs previous H/L range.
3. "Body & Range (Super)": Requires BOTH "Body (O/C)" AND "Range (H/L)" conditions.
- Optional "Larger Body" Filter: Engulfing body must be strictly larger.
- Display Toggles: Options to show/hide Bullish and/or Bearish pattern signals.
- Customizable Colors: Bar colors for bullish/bearish patterns are user-configurable.
- Data Logging: Option to log detected pattern details to the Pine Logs.
- Visual Signals: Patterns marked with plot shapes and optional bar coloring.
How to Use & Interpret:
- Configure "Engulfing Definition Type", "Require Larger Engulfing Body?", display toggles,
and colors in the indicator settings.
- Enable "Log Detected Pattern Examples?" in "Debug Options" to capture data.
- BE = Bullish Engulfing (green triangle below bar). BRE = Bearish Engulfing (red triangle above).
- Use with other analysis methods for confirmation.
Disclaimer: Trading involves substantial risk of loss and is not suitable for all investors.
Past performance is not indicative of future results.
This indicator is designed to identify and highlight Bullish and Bearish Engulfing
candlestick patterns on your chart. It offers a high degree of customization
through different engulfing definitions and an optional strictness filter, allowing
traders to tailor the detection to their specific criteria for these common reversal signals.
Features:
- Universal Detection: Identifies both Bullish Engulfing and Bearish Engulfing patterns.
- Configurable Engulfing Modes (via "Engulfing Definition Type" input):
1. "Body (O/C)": Traditional - current body engulfs previous body.
2. "Range (H/L)": Current H/L range engulfs previous H/L range.
3. "Body & Range (Super)": Requires BOTH "Body (O/C)" AND "Range (H/L)" conditions.
- Optional "Larger Body" Filter: Engulfing body must be strictly larger.
- Display Toggles: Options to show/hide Bullish and/or Bearish pattern signals.
- Customizable Colors: Bar colors for bullish/bearish patterns are user-configurable.
- Data Logging: Option to log detected pattern details to the Pine Logs.
- Visual Signals: Patterns marked with plot shapes and optional bar coloring.
How to Use & Interpret:
- Configure "Engulfing Definition Type", "Require Larger Engulfing Body?", display toggles,
and colors in the indicator settings.
- Enable "Log Detected Pattern Examples?" in "Debug Options" to capture data.
- BE = Bullish Engulfing (green triangle below bar). BRE = Bearish Engulfing (red triangle above).
- Use with other analysis methods for confirmation.
Disclaimer: Trading involves substantial risk of loss and is not suitable for all investors.
Past performance is not indicative of future results.
Note di rilascio
Indicator: IL - Bull and Bear Engulfing Detector - v01Product: An Indigo Lynx Indicator
Copyright: © Indigo Lynx, v01, 2025-07-04
Description:
This indicator is designed to identify and highlight Bullish and Bearish Engulfing
candlestick patterns on your chart. It offers a high degree of customization
through different engulfing definitions and an optional strictness filter, allowing
traders to tailor the detection to their specific criteria for these common reversal signals.
Features:
- Universal Detection: Identifies both Bullish Engulfing and Bearish Engulfing patterns.
- Configurable Engulfing Modes (via "Engulfing Definition Type" input):
1. "Body (O/C)": Traditional - current body engulfs previous body.
2. "Range (H/L)": Current H/L range engulfs previous H/L range.
3. "Body & Range (Super)": Requires BOTH "Body (O/C)" AND "Range (H/L)" conditions.
- Optional "Larger Body" Filter: Engulfing body must be strictly larger.
- Display Toggles: Options to show/hide Bullish and/or Bearish pattern signals.
- Customizable Colors: Bar colors for bullish/bearish patterns are user-configurable.
- Data Logging: Option to log detected pattern details to the Pine Logs.
- Visual Signals: Patterns marked with plotshapes and optional bar coloring.
How to Use & Interpret:
- Configure "Engulfing Definition Type", "Require Larger Engulfing Body?", display toggles,
and colors in the indicator settings.
- Enable "Log Detected Pattern Examples?" in "Debug Options" to capture data.
- BE = Bullish Engulfing (green triangle below bar). BRE = Bearish Engulfing (red triangle above).
- Use with other analysis methods for confirmation.
Disclaimer: Trading involves substantial risk of loss and is not suitable for all investors.
Past performance is not indicative of future results.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.