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Engulfing scanner with RSI filter

recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers.

This multi time frame and multi symbol indicator scans for engulfing and tweezer formations. The indicator can also be used in single chart mode. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system.

Features

  • Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market.
  • Monitors every time frame, from M1 to MN, and sends you a real-time alert when an Engulfing or Tweezer formation has been identified. All Metatrader native alert types are supported.
  • Uses RSI as a trend filter in order to properly identify potential reversals.
  • The indicator includes an interactive panel. Please see separate screenshot.
  • Can be configured to show buy/sell lines and TP/SL lines (based on the ATR indicator). The lines will be shown on the chart which you open by clicking on a signal in the panel. Please see screenshot below
  • The indicator can write the signals to a file or to global variables which can be used by an Expert Advisor for auto trading.

Input parameters

The description and explanation of the input parameters can be found here.

Important

Please note that due to the multifunctionality neither buy/sell advice nor lines and arrows will be drawn on the chart where the indicator is installed. It is highly advisable to put the indicator on a clean (empty) chart without any other indicators or Expert Advisors on it which could interfere with the scanner.

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I recommend you to read the   product's blog  (manual) from start to end so that   it is clear from the beginning what the indicator offers. This multi time frame and multi symbol indicator identifies when the stochastics signal line crosses the stochastics main line. As an alternative it can also alert when stochastics is leaving (without signal line crossing main line) an overbought/oversold area. As a bonus it can also scan for Bollinger bands and RSI overbought/oversold crosses. Combined wi
I recommend you to read the  product's blog  (manual) from start to end so that it is clear from the beginning what the EA offers. This Expert Advisor (EA) is designed to trade on a rapid price movement following a news event. The EA trades multiple symbols from one single chart which must be a EURUSD H1 chart. It it advisable to remove all symbols you don't trade from the Market Watch to reduce the overall data demand. The 'Auto settings' input parameter value True must only be used you have s
I recommend you to read the  product's blog  (manual) from start to end so that it is clear from the beginning what the EA offers. This Expert Advisor identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has supply/demand zone, RSI, bollinger, stochastics, moving average (regular MA and Hull MA), ADX and volume filter options which makes it possible to filter out only
I recommend you to read the   product's blog  (manual) from start to end so that   it is clear from the beginning what the indicator offers. This multi time frame and multi symbol indicator identifies double top/bottom, head & shoulder, pennant/triangle and flag patterns. It is also possible to setup alerts only when a neckline/triangle/flagpole breakout has occured (neckline breakout = confirmed signal for top/bottoms and head & shoulders). The indicator can also be used in single chart mode.
I recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol divergence dashboard indicator sends an alert when one or two different divergences have been identified. It can be used with all time frames from M1 to MN. It is possible to enable moving average or RSI trend filter to filter out only the strongest setups. Combined with your own rules and techniques, this indicator wi
Please if possible consider the  paid version  which I will continue to develop (there will be no future updates for this free version). This Expert Advisor identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has RSI, bollinger, stochastics, moving average and ADX filter options which makes it possible to filter out only the strongest setups. The default settings ar
FREE
I recommend you to read the   product's blog  (manual) from start to end so that   it is clear from the beginning what the indicator offers. This multi oscillator, multi time frame and multi symbol indicator identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has moving average, RSI/Bollinger, ADX, pin bar and engulfing filter options which makes it possible to filter
This indicator recognizes a special type of Inside Bar formation which is formed by a big Master candle followed by 4 smaller candles (please see the strategy explanation below). Features Plots buy/sell stop lines on the chart as well as well as take profit and stop loss levels. The TP/SL levels are based on the Average True Range (ATR) indicator. Object colors are changeable. Sends you a real-time alert when a Master candle formation is identified - sound / popup / email / push notification. On
This multi symbol indicator has been designed to automatically identify when price reaches major psychological levels. Also known as round numbers, whole numbers or key levels. As a bonus it can also scan for pivot point level on one selected time frame. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can write the signals to a file which can be used by an Expert Advisor for auto trading. Can monitor all symbol
This multi time frame and multi symbol indicator identifies high-probability breakout patterns. It does this by identifying strong, symmetrical pennants and triangles. This pattern DOES NOT appear very often on higher time frames. But when it does, it is a very high-probability setup. The indicator also includes an Inside bars scanner. It can for example be used to detect a special type of Inside bars formation which is formed by a Master candle (MC) followed by 4 inside candles (please see the
The indicator identifies when a divergence occurs between price and an indicator or oscillator. It identifies bullish and bearish hidden or regular (classical) divergences. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can detect divergences for the following indicators/oscillators: MACD, OsMA (Moving average of Oscillator), Stochastics, RSI, CCI, RVI, Awesome (AO), ADX, ATR, OBV, MFI, Momentum and   Composi
FREE
This indicator can send alerts when a Heiken Ashi Smoothed color change occurs. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can send all types of alerts. Option to delay the alert one or more bars in order to confirm the color (trend) change. Input parameters Candle shift for alert: Default is 1. Setting it to 0 will alert you on color change on the current candle. This should be regarded as a pending (uncon
FREE
This indicator can send alerts when a Heiken Ashi Smoothed color change occurs. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can send all types of alerts. Option to delay the alert one bar in order to confirm the color (trend) change. Input parameters Wait for candle close: 'true' or 'false'. Setting it to 'true' will delay the alert to the opening of the bar following the bar where the color change occurred.
FREE
I recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol indicator can identify the following 5 crosses: when a fast moving average crosses a slow moving average line. when price has reached a single moving average (closed above/below or just bounced). when a triple moving average formation has appeared (all 3 MA:s in consecutive alignment) when the MACD main line crosses th
I recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol divergence dashboard indicator sends an alert when one or two different divergences have been identified. It can be used with all time frames from M1 to MN. Maximum 9 time frames can be shown in the dashboard at the same time. It is possible to enable moving average, RSI or Bollinger bands trend filter to filter out on
Features This is an indicator that recognizes a special type of Inside Bar formation which is formed by a Master candle followed by 4 smaller candles (please see the strategy explanation below). Plots buy/sell stop lines on the chart as well as well as take profit and stop loss levels. The TP/SL levels are based on the Average True Range (ATR) indicator. Object colors are changeable. Sends you a real-time alert when a Master candle formation is identified - sound / pop-up / email / push notifica
I recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol supply and demand zone dashboard indicator sends alerts when the price has reached a supply/demand zone. It is also possible to use it to be alerted about regular double tops/bottoms instead of zones. It can be used with all time frames from M1 to MN. It is possible to use RSI, divergence (MACD, OsMA, RSI or Awesome) a
I recommend you to read the product's blog  (manual) from start to end so that it is clear from the beginning what the EA offers. This Expert advisor's (EA) main strategy is to place trades when 3 moving averages (MA) are in consecutive alignment and at a certain distance from each other (it can be used for instance for a not very well known strategy used by some institutional traders, which involves the MAs 10, 20 and 30 on the D1 time frame). The EA works best on H1 and larger time frames. Th
I recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol indicator identifies double or triple top/bottom formations or a following neckline breakout (confirmed top/bottom). It offers filters for RSI overbought/oversold, candle patterns (pin bar, engulfing, tweezer, morning/evening star, three line strike) and divergences (MACD, OsMA, Awesome (AO), RSI, CCI, Stochastic) whic
I recommend you to read the  product's blog  (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi time frame and multi symbol supply and demand zone dashboard indicator sends alerts when the price has reached a supply/demand zone. It is also possible to use it to be alerted about regular double tops/bottoms instead of zones. It can be used with all time frames from M1 to MN. Maximum 9 time frames can be shown in the dashboard at the same time. 
Please if possible consider buying the MT5 version   which at the moment offers more functionaIity . I also recommend you to read the product's blog  (manual) from start to end so that it is clear from the beginning what the EA offers. This Expert advisor's (EA) main strategy is to place trades when 3 moving averages (MA) are in consecutive alignment and at a certain distance from each other (it can be used for instance for a not very well known strategy used by some institutional traders, whic
This multi indicator/oscillator (hereafter indicator), multi time frame and multi symbol indicator identifies when a divergence occurs between price and one, two or three indicators. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has RSI and MA trend filter options which makes it possible to filter out only the strongest setups. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerfu
I  recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi time frame and multi symbol indicator scans for Pin bars, Morning/evening stars, Engulfings, Tweezers, Three Line Strikes, Inside bars and Pennants and Triangles.  The indicator can also be used in single chart mode. Please read more about this option in the product's   blog . Combined with your own rules and techniques, this indicator will allow
Among the top indicators offered here on the market in terms of value for money. I recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicator offers. This supply and demand zone indicator draws the zones on the chart and sends alerts when the price has reached or broken a zone. It has support  for one nested zones (zones on one other time frame than the current)  which will also be drawn on the chart and involve alerts. It
I recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol trend indicator sends an alert when a strong trend or trend reversal has been identified. It can do so by selecting to build up the dashboard using Moving average (single or double (both MA:s aligned and price above/below both)), RSI, Bollinger bands, ADX, Composite index (Constance M. Brown), Awesome (Bill Williams), 
I  recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi time frame and multi symbol indicator identifies double top/bottom, head & shoulders, pennant/triangle and flag patterns. It is also possible to setup alerts only when a neckline/triangle/flagpole breakout has occured (neckline breakout = confirmed signal for top/bottoms and head & shoulders).  The indicator can also be used in single chart mode.
I  recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicator offers. In addition to finding bullish and bearish Three line strike formations this multi symbol and mutli time frame indicator can also scan for the following candlestick patterns (please see screenshots for explanation of the patterns): Three white soldiers (reversal>continuation pattern) Three black crows (reversal>continuation pattern) The formations do not ap
Averaging down EA
Jan Flodin
5 (1)
This cost averaging Expert advisor (EA) places additional trades in the same direction as the original (manually opened) order when the price goes against you. It can be used as a grid system or as pure martingale system (exponential increasing of lot size) or smoothed martingale (for instance linear increasing of the lot size). Due to the risk involved, this EA is more suitable for intermediate to advanced traders who are well aware of how to handle risk management and trading an already profit
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cvdestyfx 2020.07.10 21:09 
 

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Version 1.9 2023.03.03
*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

Change log:
- added an option to write the signals to file instead of to global variable
- added the possibility to disable Engulfing scanning and then scan only for Tweezers
- the trade advice lines will now also be drawn in single chart mode and in the strategy tester
- A rectangle will now be drawn in order to highlight the formations on the chart
- added an option to use candle midpoint logic. More information about this feature in the product's blog
Version 1.8 2023.02.16
*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

Change log:
- added an option to write the signals also as global variables which can be used by an Expert Advisor.
- added a possibility to use the indicator in single chart mode (checking only the current chart symbol and time frame). It will then draw an arrrow at each engulfing bar on the chart where the indicator is running. This option is in some ways limited though. More information in the product's blog.
- added an option to enable drawing of buy/sell stop lines and suggested TP/SL levels (based on the ATR indicator)
- added the possibility to set a custom alert text for alerts (not in the panel). The custom text will be added to the end of the regular alert text
- added the possibility to set a custom panel title
- added the engulfing option Size candle B engulfs body candle A
- added the possibility to set the colors in the panel
Version 1.7 2019.03.20
- added an option to scan symbols visible in the Market Watch window instead of using the internal parameter
- added a Smiley in the upper right corner of the chart which is indicating that the indicator is up and running properly
- add an option to set amount of candles to engulf.
Version 1.6 2018.11.28
- added an interactive panel to the chart where the indicator has been loaded.
Version 1.5 2017.08.21
- added scanning of tweezer top/bottom formation
Version 1.4 2017.08.10
- added possibility to set RSI (candle) shift
Version 1.3 2017.06.22
- Added the possibility to set a minimum engulfing candle body size in percentage.
Version 1.2 2017.05.31
- added possibility to select from three different engulfing patters to scan for
Version 1.1 2017.05.25
- added possibility for push alerts
- added possibility to set min/max size of the engulfing candle