OPEN-SOURCE SCRIPT
Engulfing Pattern Detector [SSFX]
Engulfing Pattern Detector [SSFX] is candlestick analysis indicator designed to detect and highlight bullish and bearish engulfing patterns directly on the price chart.
The indicator focuses on two-candle engulfing formations. A bullish engulfing pattern is identified when the current bullish candle engulfs the previous bearish candle based on the selected engulfing method. A bearish engulfing pattern is identified when the current bearish candle engulfs the previous bullish candle based on the selected engulfing method.
The script provides two engulfing detection modes:
To reduce weak or unclear signals, the indicator includes a minimum body percentage filter. This allows users to require the current engulfing candle to have a minimum body size relative to its total candle range. This can help avoid candles with very small bodies or excessive wicks.
Key Features:
How to Use:
Bullish engulfing patterns may be used as a visual clue that buying pressure is increasing after a prior bearish candle. Bearish engulfing patterns may be used as a visual clue that selling pressure is increasing after a prior bullish candle.
The box highlight is drawn around the full two-candle pattern, making it easier to visually identify where the engulfing structure occurred. Green boxes represent bullish engulfing formations, while red boxes represent bearish engulfing formations.
This indicator is intended to be used as a visual candlestick pattern tool. It does not predict future price movement and should not be used as a standalone trading system. Users may combine the signals with their own market structure, support and resistance, trend, volume, or risk management analysis.
Alerts:
These alerts can be used to notify users when a new engulfing pattern appears on the chart.
The indicator focuses on two-candle engulfing formations. A bullish engulfing pattern is identified when the current bullish candle engulfs the previous bearish candle based on the selected engulfing method. A bearish engulfing pattern is identified when the current bearish candle engulfs the previous bullish candle based on the selected engulfing method.
The script provides two engulfing detection modes:
- Body Engulfing: This mode checks whether the body of the current candle covers the body of the previous candle.
- Full Candle Engulfing: This stricter mode checks whether the current candle also covers the full high-low range of the previous candle, in addition to meeting the body engulfing condition.
To reduce weak or unclear signals, the indicator includes a minimum body percentage filter. This allows users to require the current engulfing candle to have a minimum body size relative to its total candle range. This can help avoid candles with very small bodies or excessive wicks.
Key Features:
- Detects bullish engulfing patterns
- Detects bearish engulfing patterns
- Option to display all patterns or only bullish/bearish patterns
- Option to require opposite candle colors
- Body engulfing and full candle engulfing modes
- Minimum body percentage filter
- Box highlight around the two-candle engulfing formation
- Optional labels
- Optional candle coloring
- Optional background highlight
- Custom bullish and bearish colors
- Alert conditions for bullish, bearish, and any engulfing signal
How to Use:
Bullish engulfing patterns may be used as a visual clue that buying pressure is increasing after a prior bearish candle. Bearish engulfing patterns may be used as a visual clue that selling pressure is increasing after a prior bullish candle.
The box highlight is drawn around the full two-candle pattern, making it easier to visually identify where the engulfing structure occurred. Green boxes represent bullish engulfing formations, while red boxes represent bearish engulfing formations.
This indicator is intended to be used as a visual candlestick pattern tool. It does not predict future price movement and should not be used as a standalone trading system. Users may combine the signals with their own market structure, support and resistance, trend, volume, or risk management analysis.
Alerts:
- The script includes alert conditions for:
- Bullish Engulfing Detected
- Bearish Engulfing Detected
- Any Engulfing Pattern Detected
These alerts can be used to notify users when a new engulfing pattern appears on the chart.
开源脚本
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。