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Engulfing Pro by INTELA
📘 What is an Engulfing Pattern?
An Engulfing Pattern is a two-candle formation signaling a potential trend reversal.
It consists of two consecutive candles:
Bullish Engulfing: occurs after a downtrend. The green (bullish) candle completely engulfs the previous red (bearish) candle, suggesting an upward reversal.
Bearish Engulfing: occurs after an uptrend. The red (bearish) candle completely engulfs the previous green (bullish) candle, suggesting a downward reversal.
⚙️ Script Implementation
The Engulfing Pro by INTELA indicator automatically detects these patterns and marks them with triangles on the chart.
It also includes filters to enhance accuracy:
Time Filter: restricts detection to a user-defined time range.
Volume Filter: requires current candle volume to exceed the previous one.
Body Filter: ensures the current candle body is proportionally larger than the previous one.
🧩 User Inputs
Timezone: time zone used for the time filter.
Start Hour / End Hour: time range for signal detection.
Body Bigger than: comparison factor between current and previous candle body (e.g., 1.2 means 20% larger).
Color Bullish Signal: color of the bullish triangle.
Color Bearish Signal: color of the bearish triangle.
🎨 Style Options
In the Style tab of TradingView, users can customize:
Shapes: adjust triangle color and size.
Mode: choose position (Absolute, Above bar, Below bar).
Output Values: show or hide values on the price scale.
Input Values: show or hide input parameters in the status bar.
🧠 Conclusion
Engulfing Pro by INTELA is a professional tool for traders seeking precise reversal pattern detection.
Its time, volume, and body filters minimize false signals and allow full customization to match any trading style.
📘 What is an Engulfing Pattern?
An Engulfing Pattern is a two-candle formation signaling a potential trend reversal.
It consists of two consecutive candles:
Bullish Engulfing: occurs after a downtrend. The green (bullish) candle completely engulfs the previous red (bearish) candle, suggesting an upward reversal.
Bearish Engulfing: occurs after an uptrend. The red (bearish) candle completely engulfs the previous green (bullish) candle, suggesting a downward reversal.
⚙️ Script Implementation
The Engulfing Pro by INTELA indicator automatically detects these patterns and marks them with triangles on the chart.
It also includes filters to enhance accuracy:
Time Filter: restricts detection to a user-defined time range.
Volume Filter: requires current candle volume to exceed the previous one.
Body Filter: ensures the current candle body is proportionally larger than the previous one.
🧩 User Inputs
Timezone: time zone used for the time filter.
Start Hour / End Hour: time range for signal detection.
Body Bigger than: comparison factor between current and previous candle body (e.g., 1.2 means 20% larger).
Color Bullish Signal: color of the bullish triangle.
Color Bearish Signal: color of the bearish triangle.
🎨 Style Options
In the Style tab of TradingView, users can customize:
Shapes: adjust triangle color and size.
Mode: choose position (Absolute, Above bar, Below bar).
Output Values: show or hide values on the price scale.
Input Values: show or hide input parameters in the status bar.
🧠 Conclusion
Engulfing Pro by INTELA is a professional tool for traders seeking precise reversal pattern detection.
Its time, volume, and body filters minimize false signals and allow full customization to match any trading style.
Nota Keluaran
#V1.1 Adds the possibility to set in % the signal Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.