Engulfing Candle Indicator

This script shows you where a candle is either bullish or bearish engulfing the previous candle.

  • A GREEN triangle below the bar pointing UP indicates that the candle is BULLISH engulfing the previous candle
  • A RED triangle ABOVE the bar pointing DOWN indicates that the candle is BEARISH engulfing the previous candle
Nov 08
Release Notes: Updating indicator logic and adding the ability to set up alerts with this indicator.
Nov 09
Release Notes:
  • Code cleanup
  • Added ability to backtest the trading strategy
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Wow @rmunoz great indicator! I have seen huge successes using this indicator. Thanks for the great dev and backtesting time!
+1 Reply
Nice work ! Thank you.
Wow! Awesome script this helps me so much! Thank you!
I just found this indicator. What settings should be used? Please briefly explain how it works. THANKS!
Donations and Tips are always appreciated (venmo @rick-munoz)

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