CandleStick 3 Candle Engulf
- Indicators
- Francis Soddo Wetaka
- Version: 4.0
- Updated: 3 October 2023
The 3 Candlestick Engulf indicator is a candlestick pattern indicator that considers the last 3 bearish candles for a Bullish Engulf candlestick pattern signal and last 3 bullish candlesticks followed by a Bearish Engulf candlestick pattern for a bearish signal.
Engulfs are also presented in both trending and non-trending situations of the market though recommended to move with signals that are in line with the trend basing on the moving average.
The indicator has multiple input features that you can adjust to fit your need if the existing ones are not working well for you.
The indicator also signals the normal Engulfs (1 candlestick) with a droplet.
Very good indicator!