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Engulfing Candle Indicator

5

This Engulfing Candle Indicator as the name implies can detect engulfing candlestick patterns on the chart. The indicator alerts the user of the presence of an engulfing candle (Bearish engulfing candle and Bullish engulfing candle) by using visual representation of arrows on the chart. 

- Blue arrow for Bullish engulfing

- Red arrow for Bearish engulfing

Extra modifications can be added based on request.

Comentarios 1
smoki
35
smoki 2023.11.03 10:36 
 

Nice!

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The Inside bar indicator can detect where inside bars occur in the charts and will change the color of the candle based on user inputs. Please note that the color can differ based on the current color of the candle due to supposition of the colors.   Here are the characteristics of an inside bar pattern: High: The high of the bearish candle is lower than the high of the previous bullish candle. Low: The low of the bearish candle is higher than the low of the previous bullish candle. Body: The bo
This utility is capable of closing trades automatically when profit % or loss % set by the user is reached. There are two options for the funtionality 1. Close trades when all open trades in the account reaches the desired %Profit or % Loss 2. Close trades when each trade reaches the desired %Profit or %Loss This should be helpful to traders who prefer to use this method in managing their positions.  NOTE: Extra modifications can always be added based on request.
This utility is capable of opening multiple positions at once based on the users input. There is also an inbuilt feature to close all trades at once. The panel is user-friendly, minimizable and moveable. This will allow users open and manage all their positions quickly. For more information on the bot, you can reach out to the developer  NOTE: Extra modifications can be added based on request
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smoki
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smoki 2023.11.03 10:36 
 

Nice!

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Versión 2.10 2023.12.06
Added Alerts for The Engulfing Candles

Optional Alerts can be turned on and off

- Email Notification: Sends an alert or notification to a designated email address.

- Play Sound: Triggers an audible alert or sound on the platform or device running the trading software.

- Native Alert: Shows an on-screen alert or popup within the trading platform.

- Push Notifications: Sends notifications to mobile devices through dedicated apps or services.
Versión 2.0 2023.10.19
- Added the following user inputs:

1. Arrow Size
2. Arrow Distance
3. Custom Arrow Up colour
4. Custom Arrow Dn colour

- Improved the logic of the code to fit the perfect description of an engulfing candle:

Bullish Engulfing Candle: The first candle is a bearish (downward) candle, followed by a larger bullish (upward) candle that completely engulfs the previous candle's body.

Bearish Engulfing Candle: The first candle is a bullish (upward) candle, followed by a larger bearish (downward) candle that completely engulfs the previous candle's body.