IL - Bull and Bear Engulfing Detector - v01

7월 4일

Description:
This indicator is designed to identify and highlight Bullish and Bearish Engulfing
candlestick patterns on your chart. It offers a high degree of customization
through different engulfing definitions and an optional strictness filter, allowing
traders to tailor the detection to their specific criteria for these common reversal signals.

Features:
- Universal Detection: Identifies both Bullish Engulfing and Bearish Engulfing patterns.
- Configurable Engulfing Modes (via "Engulfing Definition Type" input):
1. "Body (O/C)": Traditional - current body engulfs previous body.
2. "Range (H/L)": Current H/L range engulfs previous H/L range.
3. "Body & Range (Super)": Requires BOTH "Body (O/C)" AND "Range (H/L)" conditions.
- Optional "Larger Body" Filter: Engulfing body must be strictly larger.
- Display Toggles: Options to show/hide Bullish and/or Bearish pattern signals.
- Customizable Colors: Bar colors for bullish/bearish patterns are user-configurable.
- Data Logging: Option to log detected pattern details to the Pine Logs.
- Visual Signals: Patterns marked with plot shapes and optional bar coloring.

How to Use & Interpret:
- Configure "Engulfing Definition Type", "Require Larger Engulfing Body?", display toggles,
and colors in the indicator settings.
- Enable "Log Detected Pattern Examples?" in "Debug Options" to capture data.
- BE = Bullish Engulfing (green triangle below bar). BRE = Bearish Engulfing (red triangle above).
- Use with other analysis methods for confirmation.

Disclaimer: Trading involves substantial risk of loss and is not suitable for all investors.
Past performance is not indicative of future results.

7월 4일

릴리즈 노트

Indicator: IL - Bull and Bear Engulfing Detector - v01
Product: An Indigo Lynx Indicator
Copyright: © Indigo Lynx, v01, 2025-07-04

Description:
This indicator is designed to identify and highlight Bullish and Bearish Engulfing
candlestick patterns on your chart. It offers a high degree of customization
through different engulfing definitions and an optional strictness filter, allowing
traders to tailor the detection to their specific criteria for these common reversal signals.

Features:
- Universal Detection: Identifies both Bullish Engulfing and Bearish Engulfing patterns.
- Configurable Engulfing Modes (via "Engulfing Definition Type" input):
1. "Body (O/C)": Traditional - current body engulfs previous body.
2. "Range (H/L)": Current H/L range engulfs previous H/L range.
3. "Body & Range (Super)": Requires BOTH "Body (O/C)" AND "Range (H/L)" conditions.
- Optional "Larger Body" Filter: Engulfing body must be strictly larger.
- Display Toggles: Options to show/hide Bullish and/or Bearish pattern signals.
- Customizable Colors: Bar colors for bullish/bearish patterns are user-configurable.
- Data Logging: Option to log detected pattern details to the Pine Logs.
- Visual Signals: Patterns marked with plotshapes and optional bar coloring.

How to Use & Interpret:
- Configure "Engulfing Definition Type", "Require Larger Engulfing Body?", display toggles,
and colors in the indicator settings.
- Enable "Log Detected Pattern Examples?" in "Debug Options" to capture data.
- BE = Bullish Engulfing (green triangle below bar). BRE = Bearish Engulfing (red triangle above).
- Use with other analysis methods for confirmation.

Disclaimer: Trading involves substantial risk of loss and is not suitable for all investors.
Past performance is not indicative of future results.