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Engulfing Candle detector for MT5

5

Engulfing Candle Detector


Detectable pattern

  • Double Candlestick Patterns
    • Bullish Engulfing
      The first candle is black candle. The second candle opens with a gap below the real body of the black candle but rallies upwards to close above the real body of the black candle. In other words, the second candle's real body completely engulfs the first candle's real body

    • Bearish Engulfing
      The first candle is white candle. The second candle opens with a gap above the real body of the white candle but declines sharply to close below the real body of the first candle. In other words, the second candle’s real body completely engulfs the first candle’s real body

    • Bullish Engulfing (with Shadow)
      The first candle is black candle. The second candle's high price is above than first candle's high annd second candle's low price is lower than first candle's low price.In other words, the second candle with shadow completely engulfs the first candle with shadow

    • Bearish Engulfing (with Shadow)
      The first candle is white candle. The second candle's high price is above than first candle's high annd second candle's low price is lower than first candle's low price.In other words, the second candle with shadow completely engulfs the first candle with shadow

 


Functions

  • Choose engulfing detect method
    • Engulfing with candle body
    • Engulfing with upper and lower shadow

  • Engulfing candle Highlight
  • Filtering by the Marubozu body percentage

  • Drawing additional line and boxes
    • HLine drawing (50% of engulfing candle)
    • Box drawing (from 50% to 61.8%)
    • Box drawing (161.8%)

If you have any idea for improve this indicator.

Please welcome your precious idea.

Reviews 3
smoki
35
smoki 2023.10.13 13:31 
 

Thank you! One of the best Engulfing Candle detector, now also for mt5!

Anik Chandra Dey Sagor
657
Anik Chandra Dey Sagor 2023.10.10 22:02 
 

fast class

Ngeci1615
69
Ngeci1615 2023.11.07 21:45 
 

This is an awesome indicator Thanks. just maybe a few ideas l have sent directly to your inbox.

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Daniel Stein
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IX Power   finally brings the unbeatable precision of FX Power to non-Forex symbols. It accurately determines the intensity of short, medium and long-term trends in your favourite indices, stocks, commodities, ETFs, and even cryptocurrencies. You can   analyse everything   your terminal has to offer. Try it out and experience how   your timing improves significantly   when trading. Read about our latest strategic development -  Easy scalping with IX Power Visit our all-new   Stein Investments
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Engulfing Candle Detector Detectable pattern Double Candlestick Patterns Bullish Engulfing The first candle is black candle. The second candle opens with a gap below the real body of the black candle but rallies upwards to close above the real body of the black candle. In other words, the second candle's real body completely engulfs the first candle's real body Bearish Engulfing The first candle is white candle. The second candle opens with a gap above the real body of the white candle but
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Ngeci1615
69
Ngeci1615 2023.11.07 21:45 
 

This is an awesome indicator Thanks. just maybe a few ideas l have sent directly to your inbox.

smoki
35
smoki 2023.10.13 13:31 
 

Thank you! One of the best Engulfing Candle detector, now also for mt5!

Anik Chandra Dey Sagor
657
Anik Chandra Dey Sagor 2023.10.10 22:02 
 

fast class

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Version 2.5 2023.11.14
(Revision History)
- Rev 2.5
: Added 'Alert and Notification'
Version 2.4 2023.10.14
(Revision History)
- Rev 2.4
: Added 'Tollerance for Open Price'
: Fixed initialization internal function