Velas Envolventes + RSI / Stttrading F.Velazquez

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Engulfing Candle + RSI Indicator by Stttrading F.Velazquez


Discover a powerful tool for market analysis with the Velas Engulfing + RSI Indicator. Crafted by Stttrading Franco Velazquez, this indicator seamlessly blends engulfing candle patterns with the precision of the RSI filter. What sets it apart is its unique approach – signals are exclusively generated when the RSI reaches overbought or oversold conditions, providing a distinctive edge over conventional engulfing candle indicators.

Key Features:

Engulfing Candle Patterns: Identify both bullish and bearish engulfing candle formations.
RSI Integration: Harness the strength of the RSI indicator to evaluate market momentum and potential reversals.
Visual Signals: Enjoy clear and intuitive signals directly on your chart for seamless decision-making.
Configurable Alerts: Tailor the indicator to your preferences with customizable alerts for timely notifications.

Usage Instructions:

Engulfing Candles:

Visualize bullish and bearish candles through green and red triangles, respectively.
Capitalize on buying opportunities when bullish candles emerge and consider selling when bearish candles unfold.

RSI Indicator:

Leverage the RSI indicator to gauge overbought and oversold market conditions.
Fine-tune RSI levels based on your trading strategy and risk tolerance.

Alert System:

Set up alerts to stay informed about crucial market movements, ensuring you never miss a trading opportunity.
Custom Configuration:
RSI Source: Customize the data source for RSI calculations to suit your analysis.
RSI Length: Define the length of the RSI period for precise adjustments.
RSI Overbought and Oversold Levels: Tailor the overbought and oversold RSI thresholds to align with your trading preferences.

Important Note: Always conduct thorough analysis and implement proper risk management before executing trades.

Version 3.13.2
Designed and Developed by Stttrading Franco Velazquez
Release Notes:
Enhanced Visual Signals Indicator - Version Update

We are pleased to announce a visual enhancement to the "Bullish Engulfing + RSI" indicator by Stttrading F.Velazquez. The latest version focuses on refining the visual elements of the trading signals for a more aesthetically pleasing experience.

Key Visual Improvements:

Signal Representation:

The buy and sell signals have been visually refined with sleek triangles for a cleaner and more polished appearance on the chart.

Text Presentation:

The accompanying text for signals has undergone adjustments in size and placement, ensuring improved visibility without cluttering the chart.
These visual enhancements aim to provide a more user-friendly and visually appealing trading experience. We believe that these updates will contribute to a better overall chart presentation.

Thank you for your continued support, and we hope you find these visual improvements valuable in your trading activities.
Release Notes:
We have updated our indicator to Pine Script v5, as the previous version was obsolete. We performed this update to ensure optimal performance and take advantage of the new features available. Thank you for your continued support, and we hope you enjoy the latest version.
Release Notes:
Update Announcement: Enhanced Features and Additional Additions

Dear Users,
We've heard your feedback and are pleased to announce an update to our indicator with some new features.

What's New:

Harami Candles Enhancement:

Activate or deactivate Harami candles with a convenient checkbox, giving you control over their visibility in your analysis.
Independent RSI Settings for Harami:

Customize RSI parameters specifically for Harami candles. Tailor your indicator settings to match your unique trading preferences.

Upcoming Additions:

Stay tuned for upcoming features, including:
-Hammer Candles
-Shooting Star Candles
-Signal Filtering to clean up past and repetitive signals, ensuring a cleaner and more visually appealing chart.
We hope these enhancements improve your trading experience. As always, feel free to reach out if you have any questions.
Happy trading!
Release Notes:
We're pleased to inform you that we have added the Shooting Star (SS) and Hammer (HMM) candlestick patterns to the indicator. Thank you for the positive feedback!
Release Notes:
Dear users,

I'm pleased to announce that I've updated the highly praised indicator. It now includes information about myself, the creator, for greater transparency. I invite you to follow me on my investment social media platforms, where we've created a new investor account solely for using this indicator to project results, obviously with my intellectual filter.

I sincerely appreciate your positive feedback and your interest in keeping the indicator free for everyone.

Best regards,

Velázquez Franco, sttTrading.
Release Notes:
We have made minor changes to the indicator; these do not affect its performance but improve its code readability.
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.


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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