OPEN-SOURCE SCRIPT
Updated Advanced Engulfing Candles
There are a plenty of Engulfing candle detecting indicators but every single of them detect engulfing candles engulfed by only single candle but sometime it take more then one candle to engulf the previous opposite candle, which is also considered as engulfing candle.
So this script show both type of candles.
Type of Engulfing Candles
Normal Engulfing Candles
Candle engulfed by more then one continuous candle
I hope you will like it.
If you find any bugs or have any suggestions for any possible addition feel free to comment or DM me.
So this script show both type of candles.
Type of Engulfing Candles
Normal Engulfing Candles
Candle engulfed by more then one continuous candle
I hope you will like it.
If you find any bugs or have any suggestions for any possible addition feel free to comment or DM me.
Release Notes
Before :
After:
What's new :
- Added ADX Filter : Remove low probability Signals
- Added EMA Filter : Filter signals based on trend
- Added alerts.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.