Linda's Coil - MetaTrader 5 için gösterge

Indicator Linda's Coil presents several methods of searching for "engulfed" candlesticks (Price Action).

It has three input parameters:

• Period - search range;
• Method - search method:
  • Engulfed - engulfed candlesticks only;
  • Engulfed or Equal - either engulfed or equal candlesticks.
• Type - search type:
  • Previous - comparing with the previous candlestick;
  • First - comparing with the first candlestick within the search range.

Fig.1. Comparing to the previous candlestick

Fig.2. Comparing to the first candlestick within the range