🔵 Introduction The candlestick engulfing pattern is important pattern in technical analysis that can be observed in candlestick charts. This pattern occurs when a complete candle engulfs or "engulfs" the body of a previous candle, meaning that the body of the new candle completely covers the body of the previous candle. The candlestick engulfing pattern has two...
Introducing Engulfomax: Your Ultimate Trading Edge on TradingView! Unlock the power of precision trading with Engulfomax, the revolutionary Pine Script indicator designed to pinpoint high-probability trade entries with unparalleled accuracy. Engulfomax is meticulously crafted to identify optimal entry points by leveraging two critical candlestick patterns: the...
Script that highlights bullish and bearish engulfing candles after two candles in the opposite direction.
This simple indicator detects automatically most important bullish and bearish candlestick patterns formations. Used to locate potential supply and demand imbalances. Copyright 2017 Alfonso Moreno www.set-and-forget.com