Engulfing Detector (Supply and Demand) — Indicator by BitcoinJesus-Not-Roger-Ver

Bullish and bearish engulfing candles marked with horizontal lines around engulfed candle.

This indicator can be used to assist in locating potential supply and demand zones.

The fresh zones will be of green and red line colors and the tested zone lines are grey in color.

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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