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Advanced Engulfing Candles

There are a plenty of Engulfing candle detecting indicators but every single of them detect engulfing candles engulfed by only single candle but sometime it take more then one candle to engulf the previous opposite candle, which is also considered as engulfing candle.
So this script show both type of candles.
Type of Engulfing Candles
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Normal Engulfing Candles
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Candle engulfed by more then one continuous candle
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I hope you will like it.
If you find any bugs or have any suggestions for any possible addition feel free to comment or DM me.
Note di rilascio

Before :

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After:

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What's new :
  • Added ADX Filter : Remove low probability Signals
  • Added EMA Filter : Filter signals based on trend
  • Added alerts.
a_guy_from_wall_street
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analysisBearish EngulfingBullish EngulfingCandlestick analysisChart patternsEngulfing Candletrendpatterntrendtrading

Script open-source

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 publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.

Vuoi usare questo script sui tuoi grafici?

a_guy_from_wall_street
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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.