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.
⸻
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
⸻
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
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.