Engulfing Pro by INTELA 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.
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