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.
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.