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Engulfing Candlestick Bulkowski

Engulfing Candlestick Bulkowski

The engulfing candlestick is a well-known candle pattern composed of two candles.

This indicator for showing engulfing candlestick that describe by Thomas Bulkowski.


If you need for MetaTrader 4 version, please visit here:

https://www.mql5.com/en/market/product/34193


Feature Highlights

Show bullish engulfing and bearish engulfing.

  • Customizable "Up Symbol".
  • Customizable "Down Symbol".
  • Customizable symbol distance from candlestick.
  • Customizable "Down Color".
  • Customizable "Up Color".


Input Parameters

  • UpSymbol - Input symbol code from "wingdings" for bullish engulfing (default is arrow up).
  • DownSymbol - Input symbol code from "wingdings" for bearish engulfing (default is arrow down).
  • SymbolShift - Input symbol distance from candlestick.
  • DownColor - Input color for down symbol (bearish engulfing).
  • UpColor - Input color for up symbol (bullish engulfing).


Engulfing Candlestick definition by Thomas Bulkowski:

  • Bullish Engulfing

The first is a bearish candle followed by a bullish candle.

The bullish candle should have a close above the prior open and an open below the prior close.

In other words, the body of the bullish candle should engulf or overlap the body of the bearish candle.

Ignore the shadows. Shadows are unimportant.

  • Bearish Engulfing

The first is a bullish candle followed by a bearish candle.

The bearish candle should have a close below the prior open and an open above the prior close.

In other words, the body of the bearish candle should engulf or overlap the body of the bullish candle.

Ignore the shadows. Shadows are unimportant.





































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The Trend Forecaster indicator utilizes a unique proprietary algorithm to determine entry points for a breakout trading strategy. The indicator identifies price clusters, analyzes price movement near levels, and provides a signal when the price breaks through a level. The Trend Forecaster indicator is suitable for all financial assets, including currencies (Forex), metals, stocks, indices, and cryptocurrencies. You can also adjust the indicator to work on any time frames, although it is recommen
Elliott Wave Trend was designed for the scientific wave counting. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to sh
IVISTscalp5
Vadym Zhukovskyi
5 (5)
Nous vous présentons l'indicateur iVISTscalp5, qui est non seulement unique, mais également efficace dans les opérations de trading. Cet indicateur est basé sur des données temporelles et est le résultat de nombreuses années d'expérience et d'analyse approfondie des marchés financiers. L'indicateur iVISTscalp5 est un excellent outil pour le trading manuel. La commodité, la simplicité et la visualisation - toute la complexité est cachée à l'intérieur. Nous avons simplifié au maximum les paramètre
ICT, SMC, Smart Money Concept, Support and Resistance, Trend Analysis, Price Action, Market Structure, Order Blocks, Breaker Blocks, Momentum Shift, Strong Imbalance, HH/LL/HL/LH, Fair Value Gap, FVG, Premium & Discount Zones, Fibonacci Retracement, OTE, Buyside Liquidity, Sellside Liquidity, Liquidity Voids, Market Sessions, NDOG, NWOG,Silver Bullet,ict template Dans le marché financier, une analyse de marché précise est cruciale pour les investisseurs. Pour aider les investisseurs à mieux c
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