Engulfing H4 + Filter
The indicator autonomously detects the Engulfings to which filters can be placed. The available filters are:
- ATR (discards Engulfings which do not have a body greater than or equal to the value of ATR)
-SWING(SWING filter, the indicator ensures that the Engulfing minimum/maximum must be the absolute minimum/maximum with respect to the number of spark plugs selected in the settings)
- L3C/H3C (discards Engulfings that do not form an L3C or H3C)
- RSI (Discards Engulfing that is not in overbought/oversold in the first pattern candle)
In addition, the indicator draws 4 lines (2 for bullish Engulfings and 2 for bearish Engulfings) which are SL and TP.
The Stop Loss is calculated an ATR below/above the swing generated by the two Engulfing spark plugs and the Take Profit is calculated according to the return risk set in the indicator, which is 1.5 by default.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact th3web directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact th3web directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.