StO Price Action - Engulfing

20 gen

Short Summary

- Multi-timeframe engulfing pattern visualizer
- Supports up to 5 independently configurable timeframes
- Simple or complex engulfing detection logic selectable
- Visual output via candles or ▲▼ markers
- Optional alerts per timeframe
- Designed for pattern-based price action analysis

Full Description

Overview

- Detects and visualizes bullish and bearish engulfing patterns
- Works across multiple selectable timeframes simultaneously
- Focuses on classical price action patterns
- Designed for discretionary and confirmation-based analysis

Engulfing Logic

- Two selectable detection modes:
- Simple:
- Based on classical open/close engulfing definition
- Lightweight and broadly applicable
- Complex:
- Extended conditions including high/low relationships
- Requires stronger price dominance and range expansion
- Filters weaker or marginal engulfing patterns

Timeframe Configuration

- Up to 5 timeframes configurable independently
- Each timeframe supports:
- Enable / disable visualization
- Timeframe selection (Chart to Monthly)
- Independent bull and bear coloring
- Enable / disable bullish and bearish detection

Visualization

- Two visualization modes per timeframe:
- Candle-based highlighting
- Symbol-based visualization using ▲▼
- Allows clean abstraction on lower timeframes

Alerts

- Optional alert activation per timeframe
- Alerts trigger on detected engulfing patterns
- Can be used for monitoring higher-timeframe structures

Usage

- Suitable for price action and pattern traders
- Useful for identifying potential reversal or continuation zones
- Works well as confirmation within market structure

Notes

- Pattern-based visualization only
- No trade execution or strategy logic
- Signal strength depends on selected algorithm and timeframe
- Recommended to use higher timeframes for stronger context

21 gen

Note di rilascio

Minor Changes

7 giorni fa

Note di rilascio

Minor Changes