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Full Candle Engulfing indicator
Full Candle Engulfing – BUY and SELL
This indicator identifies bullish and bearish full-candle engulfing patterns. A valid setup occurs when the current candle’s complete high-to-low range contains the entire previous candle, including both wicks.
Bullish setup:
• Current candle is bullish.
• Previous candle is bearish when the opposite-colour filter is enabled.
• Current high is at or above the previous high.
• Current low is at or below the previous low.
Bearish setup:
• Current candle is bearish.
• Previous candle is bullish when the opposite-colour filter is enabled.
• Current high is at or above the previous high.
• Current low is at or below the previous low.
The indicator supports:
• Independent BUY and SELL toggles.
• Configurable entry-validity candles.
• Optional EMA trend filtering.
• Adjustable EMA length.
• Optional entry-level lines.
• Optional BULL ENGULF and BEAR ENGULF labels.
• BUY, SELL and setup alerts.
BUY confirmation occurs when a valid bullish candle closes above the saved bullish engulfing body-high level.
SELL confirmation occurs when a valid bearish candle closes below the saved bearish engulfing body-low level.
The setup is intended primarily for XAUUSD on the 5-minute timeframe, but it can be tested on other symbols and timeframes. Signals should be confirmed using appropriate risk management, market structure and session conditions.
This indicator does not guarantee profitable trades and should be thoroughly backtested before use in live trading.
This indicator identifies bullish and bearish full-candle engulfing patterns. A valid setup occurs when the current candle’s complete high-to-low range contains the entire previous candle, including both wicks.
Bullish setup:
• Current candle is bullish.
• Previous candle is bearish when the opposite-colour filter is enabled.
• Current high is at or above the previous high.
• Current low is at or below the previous low.
Bearish setup:
• Current candle is bearish.
• Previous candle is bullish when the opposite-colour filter is enabled.
• Current high is at or above the previous high.
• Current low is at or below the previous low.
The indicator supports:
• Independent BUY and SELL toggles.
• Configurable entry-validity candles.
• Optional EMA trend filtering.
• Adjustable EMA length.
• Optional entry-level lines.
• Optional BULL ENGULF and BEAR ENGULF labels.
• BUY, SELL and setup alerts.
BUY confirmation occurs when a valid bullish candle closes above the saved bullish engulfing body-high level.
SELL confirmation occurs when a valid bearish candle closes below the saved bearish engulfing body-low level.
The setup is intended primarily for XAUUSD on the 5-minute timeframe, but it can be tested on other symbols and timeframes. Signals should be confirmed using appropriate risk management, market structure and session conditions.
This indicator does not guarantee profitable trades and should be thoroughly backtested before use in live trading.
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.