Market / MetaTrader 4 / Indicators /

Doji Engulfing Paths

35 USD

Demo downloaded: 42

Published: 24 July 2018

Current version: 1.1

Doji Engulfing Paths

Indicators
Boubacar Tidiane Traore
Version: 1.1
Activations: 5

Presentation

It is a good advantage to take all the appearing opportunities with reversal signals and direct signals in order to obtain some profits on the forex market.

System features

With fast execution, it allows to register directly the information about the new doji patterns on a chart and starts with the last candle available before the current candle or bar on the chart.

The utility shows a sign on the chart in order to indicate where the doji is located on this chart.

It enables to get the same functions with the engulfing patterns: it could precisely indicate with a graphical object and sign on the chart the positions of new engulfing patterns.

Recommendations

First, select the maximal number of previous candles and bars to display on the charts.

The maximum is 1000 bar shifts, previously to the current bar. The result will be the display of the exact locations of dojis and engulfing patterns on the technical charts.

Special addition

The Doji Engulfing Paths is a utility that could run independently to other available and additional EAs and indicators on the selected list of charts.

It enables to follow the direction of the trend and select entry levels for reversals of instruments available and the correct period of time with timeframes. When a doji appears on an uptrend for example, it is the right period of time to go for a reversal and open a short position on the instrument.

According to the directions, when an engulfing pattern occurs on an uptrend and with the same direction, it is possible to continue the directional move and to go to open a long position on this trend move.

That is supposed to enable profits on the forex market.

Inputs

num_Of_Shifts: number of bars to display
color_Doji_PL: color of the signal for uptrends and downtrends with dojis

clr_Green_H
clr_Aqua_H
clr_Orange_H
clr_Beige_H
clr_Violet_H

color_Engulfing_Up: color of the signals for uptrends with engulfings

clr_Green_H
clr_Aqua_H
clr_Orange_H
clr_Beige_H
clr_Violet_H

color_Engulfing_Down: color of the signals for downtrends with engulfings

clr_Red_LH
clr_Yellow_LH
clr_LightViolet_LH
clr_Magenta_LH
clr_LightYellow_LH

Signals: list of signals to display, only dojis, only engulfing, or both of the systems

mode_Doji_H: only dojis
mode_Engulfing_Up: only engulfing on up directions
mode_Engulfing_Down: only engulfing on down directions

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