Engulfing Pinbar [serkany88]

serkany88 Updated   
This is an experimental candlestick pattern that combines pinbars and engulfing patterns as my own implementation. These signals can be used as a possible reversal points based on timeframe used or set wick size. Of course these signals should never be used on their own but rather can be used as another confluence of possible entry signal.

Functional and Manual alerts provided with simple and clean code.

TLDR: Use as a possible reversal point for your entries in combination with your trend and volatility filters. Green means possible bullish move, Red means possible bearish move.
Release Notes:
- Added opposite wick filter as a modifyable input. Next update will most likely be MTF functionality with alerts.
Release Notes:
Added HTF functionality that draws the candle on lower timeframe if an EP pattern is found. Alerts also adapted according to it. Happy hunting.

One does not simply win every trade.
Open-source script

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 a publication is governed by House Rules. You can favorite it to use it on a chart.


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