OPEN-SOURCE SCRIPT
Updated Double candle engulfing (Optimized)
Double Engulfing Pattern Detector (DELO)
This indicator identifies strong trend reversal signals by detecting the confirmation of two consecutive Engulfing Candlestick Patterns.
✨ Key Features:
Bullish Engulfing: Triggers a Buy Signal when two consecutive bullish engulfing patterns are confirmed.
Bearish Engulfing: Triggers a Sell Signal when two consecutive bearish engulfing patterns are confirmed.
This indicator identifies strong trend reversal signals by detecting the confirmation of two consecutive Engulfing Candlestick Patterns.
✨ Key Features:
Bullish Engulfing: Triggers a Buy Signal when two consecutive bullish engulfing patterns are confirmed.
Bearish Engulfing: Triggers a Sell Signal when two consecutive bearish engulfing patterns are confirmed.
Release Notes
some improvement and fixed some problemsOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.