OPEN-SOURCE SCRIPT
1H Strong Engulfing Manual Companion
The 1H Strong Engulfing Manual Companion is a price action indicator designed to detect high-probability engulfing setups on the 1H timeframe and assist with structured, discretionary trade execution.
⚠️ Work in Progress: This script is still under active development. Features, logic, and visuals may change over time.
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Overview
This indicator identifies bullish and bearish engulfing patterns on the 1H chart and combines them with multiple optional filters to improve signal quality.
It can also be used on lower timeframes while relying on confirmed 1H signals, helping you align entries with higher timeframe structure.
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Key Features
• Advanced Engulfing Detection
• Strict or loose engulfing logic
• Optional wick sweep (liquidity grab)
• ATR-based candle size filter
• Relative body size filter
• Multi-Layer Filtering System
• 1H EMA trend filter
• Optional Daily EMA bias
• EMA slope (trend strength)
• Max distance to EMA
• VWAP filter + distance control
• Session and weekday filters
• Multi-Timeframe Support
• Uses confirmed 1H data on lower timeframes
• Designed to avoid repainting
• Trend Phase Control
• Optional: limit to one setup per trend phase
• Reset on trend shift or opposite signal
→ Helps reduce overtrading
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Trade Planning Support (Manual)
This is not an auto-trading strategy, but a companion tool for manual execution:
• Breakout or Pullback entry modes
• Automatic calculation of:
• Entry
• Stop Loss (candle-based or ATR-based)
• Take Profit (R:R based)
• Break-even trigger
• Visualization of pending and active trade levels
⸻
Visuals & Alerts
• Clear bullish/bearish signal markers
• Optional display of:
• Entry / SL / TP / BE levels
• Trend EMAs and VWAP
• Alerts for:
• Signal detection
• Entry trigger events
⸻
Purpose
The goal of this indicator is to help traders:
• Focus on high-quality engulfing setups
• Trade in alignment with trend and structure
• Execute trades with clear, predefined levels
⸻
Status
This script is still evolving. Planned improvements may include:
• Further refinement of filters
• Additional entry/management logic
• Enhanced visualization and usability
⚠️ Work in Progress: This script is still under active development. Features, logic, and visuals may change over time.
⸻
Overview
This indicator identifies bullish and bearish engulfing patterns on the 1H chart and combines them with multiple optional filters to improve signal quality.
It can also be used on lower timeframes while relying on confirmed 1H signals, helping you align entries with higher timeframe structure.
⸻
Key Features
• Advanced Engulfing Detection
• Strict or loose engulfing logic
• Optional wick sweep (liquidity grab)
• ATR-based candle size filter
• Relative body size filter
• Multi-Layer Filtering System
• 1H EMA trend filter
• Optional Daily EMA bias
• EMA slope (trend strength)
• Max distance to EMA
• VWAP filter + distance control
• Session and weekday filters
• Multi-Timeframe Support
• Uses confirmed 1H data on lower timeframes
• Designed to avoid repainting
• Trend Phase Control
• Optional: limit to one setup per trend phase
• Reset on trend shift or opposite signal
→ Helps reduce overtrading
⸻
Trade Planning Support (Manual)
This is not an auto-trading strategy, but a companion tool for manual execution:
• Breakout or Pullback entry modes
• Automatic calculation of:
• Entry
• Stop Loss (candle-based or ATR-based)
• Take Profit (R:R based)
• Break-even trigger
• Visualization of pending and active trade levels
⸻
Visuals & Alerts
• Clear bullish/bearish signal markers
• Optional display of:
• Entry / SL / TP / BE levels
• Trend EMAs and VWAP
• Alerts for:
• Signal detection
• Entry trigger events
⸻
Purpose
The goal of this indicator is to help traders:
• Focus on high-quality engulfing setups
• Trade in alignment with trend and structure
• Execute trades with clear, predefined levels
⸻
Status
This script is still evolving. Planned improvements may include:
• Further refinement of filters
• Additional entry/management logic
• Enhanced visualization and usability
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.