OPEN-SOURCE SCRIPT

Candle Power Pro – Engulfing + RSI Smart Strategy

201
📌 Candle Power Pro – Engulfing + RSI Smart Strategy

Candle Power Pro is a high-performance trading strategy that combines the strength of engulfing candlestick patterns, RSI filters, and candle stability analysis to deliver accurate BUY & SELL signals.

🔥 Why traders love it:

✅ Detects bullish & bearish engulfing setups with RSI confirmation
✅ Built-in Stop Loss & Take Profit (customizable %)
✅ Prevents overtrading with anti-repeat signal filter
✅ Works on any market & timeframe (Forex, Crypto, Stocks, Indices)
✅ Backtest-ready with full PnL, Winrate, and Risk/Reward stats

🚦 How it works:

A BUY signal triggers when a bullish engulfing candle forms with RSI confirmation in a downtrend.
A SELL signal triggers when a bearish engulfing candle forms with RSI confirmation in an uptrend.
Labels show exact entry points on the chart for clarity.

⚡ Perfect for:

Swing traders, scalpers, and algorithmic enthusiasts
Traders who want rule-based entries & exits
Anyone looking to backtest and refine their trading strategy

👉 Just add it to your chart, adjust your Stop Loss & Take Profit, and start testing smarter trades!

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.