PROTECTED SOURCE SCRIPT
Structural Engulfing Patterns
The Structure Engulf Pattern indicator identifies key market events where significant buy and sell positions have accumulated. These zones often act as price magnets, as institutions (commonly during the New York and London sessions) execute large-volume orders following a liquidity grab. They then push the price aggressively in the same direction, reinforcing the prevailing market narrative and structure.
The higher the timeframe of the pattern, the more significant and reliable the signal becomes.
By default, the indicator highlights every engulfing pattern formed within the last 60 candles, regardless of the timeframe.
When combined with a liquidity-based trading concept and a well-defined market structure, this pattern serves as a powerful confirmation tool. It often marks strong zones for potential entries, offering a strategic edge in trading decisions.
The higher the timeframe of the pattern, the more significant and reliable the signal becomes.
By default, the indicator highlights every engulfing pattern formed within the last 60 candles, regardless of the timeframe.
When combined with a liquidity-based trading concept and a well-defined market structure, this pattern serves as a powerful confirmation tool. It often marks strong zones for potential entries, offering a strategic edge in trading decisions.
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