Watch how to download trading robots for free
Find us on Twitter!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 17282
- Rating:
- Published:
- 2019.02.14 21:02
-
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
![T3 veocity tape](https://c.mql5.com/i/code/indicator.png)
T3 velocity tape
![Engulfing Stochastic](https://c.mql5.com/i/code/indicator.png)
Detect bullish and bearish engulfing candles when entering the overbought or oversold territory. We have all seen a currency pair enter the overbought or oversold territory and stay there for long periods of time. What this indicator does is gives you the emphasis. So if you are looking for reversals then you may want to take notice when oversold territory is entered into with a bullish engulfing candle or if the trend is your thing then check for bearish engulfing candles while entering oversold.