PROTECTED SOURCE SCRIPT
Updated Engulfing Bar Pattern
Engulfing Bar Pattern Indicator
Detects and highlights engulfing bar patterns on any timeframe. An engulfing bar occurs when the current candle's total range (high to low) completely engulfs the previous candle's range.
Features:
Bullish Engulfing: Green candle that takes out both the previous bar's high and low - signals potential upward momentum
Bearish Engulfing: Red candle that takes out both the previous bar's high and low - signals potential downward momentum
Visual alerts: Colors engulfing bars and displays buy/sell arrows
TradingView alerts: Configurable alert notifications when patterns form
Fully customizable: Adjust colors, toggle arrows, enable/disable alerts
Best used on: 1-minute to 1-hour timeframes for futures trading, effective for identifying potential reversal or continuation signals at key market levels.
Detects and highlights engulfing bar patterns on any timeframe. An engulfing bar occurs when the current candle's total range (high to low) completely engulfs the previous candle's range.
Features:
Bullish Engulfing: Green candle that takes out both the previous bar's high and low - signals potential upward momentum
Bearish Engulfing: Red candle that takes out both the previous bar's high and low - signals potential downward momentum
Visual alerts: Colors engulfing bars and displays buy/sell arrows
TradingView alerts: Configurable alert notifications when patterns form
Fully customizable: Adjust colors, toggle arrows, enable/disable alerts
Best used on: 1-minute to 1-hour timeframes for futures trading, effective for identifying potential reversal or continuation signals at key market levels.
Release Notes
Engulfing candle filter addedRelease Notes
Filter updatedProtected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.