empirewealthtrade

Engulfing Empire at over Sold Over <50 Bought >50

Shows bulling engulfing patterns only if above >50 rsi and Shows Bearish engulfing patterns only if above <50 rsi
. Very simple.
Indicator Conditions RSI above 50 overbought/below 50 oversold, price is above/below)
Entry Reasons (eg. a bullish or bearish engulfing candle)

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.

Want to use this script on a chart?