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Engulfing Candlestick Pattern - BB Filter

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Been working on doing a better version of this. This is like version 2.0. Usese this definition of an engulfing candle:

tradeciety.com/how-to-trade-the-engulfing-candlestick-pattern

As you change the parameters of the Bollinger band the signals will change.
You can also set the distance away from the band using ATR muliplier to catch moves near the BB.

Per Claude,

This setup should give you much higher quality signals since you're filtering for engulfing patterns that occur at the extremes of the Bollinger Bands - exactly like the Tradeciety article recommends. Those are the setups with the best context and highest probability.
A few tips for using it:

You can adjust the BB Touch Distance slider if you want to be stricter or more lenient about what counts as "touching" the bands
Try enabling Strict Mode if you want only the strongest engulfing patterns (where the full range including wicks is engulfed)
Works great on higher timeframes like Daily and Weekly for the most reliable signals on NQ and ES

I personally use this on the 1000 tick NQ chart.

It's not perfect but 2x better than my first attempt. Enjoy.

Open to suggestions as well.

For entertainment purposes only.

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