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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.
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開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。