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Body Engulfing Detector

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🔶 Body Engulfing Detector
This simple but effective indicator identifies candlestick patterns where the entire body of the current candle engulfs the body of the previous one — a classic signal of a potential reversal or momentum continuation.

🔍 What It Does:
Detects when the body (open-close range) of the current candle completely covers the body of the previous candle.

Triggers a visual signal on the chart once the candle is closed, avoiding premature alerts.

Includes a generic alert you can enable from the TradingView alert system, so you’ll be notified as soon as a body engulfing pattern occurs.

📈 Use Case:
This pattern can be interpreted as a shift in market sentiment and may signal a possible entry point depending on the context:

Use it as part of your price action strategy.

Combine it with trend analysis, volume, or other confirmation tools.

⚠️ This indicator focuses only on body engulfing and does not require the candle to be bullish or bearish specifically. If you'd like a version that distinguishes between bullish and bearish engulfing, feel free to request it.

면책사항

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