Engulfings — Indicators and Strategies

Engulfing Candles with Sweep by Aydmaxx Engulfing Candles with Sweep Indicator The "Engulfing Candles with Sweep" indicator identifies bullish and bearish engulfing candles that exhibit liquidity sweeps. It marks these significant candlestick patterns and draws a 50% Fibonacci retracement line from the high to low of the engulfing candle. The indicator helps traders spot potential reversal points where large market players might be accumulating or distributing positions. Key Features: Bullish Engulfing Candle with Sweep: Identifies when a bullish candle (closing higher than it opened) engulfs the previous bearish candle (closing lower than it opened). Ensures that the bullish candle’s low is lower than the previous candle’s low, indicating a sweep of liquidity. Marks the identified bullish candle with a symbol below the candlestick. Draws a 50% Fibonacci retracement line from the high to the low of the bullish engulfing candle. Bearish Engulfing Candle with Sweep: Identifies when a bearish candle (closing lower than it opened) engulfs the previous bullish candle (closing higher than it opened). Ensures that the bearish candle’s high is higher than the previous candle’s high, indicating a sweep of liquidity. Marks the identified bearish candle with a symbol above the candlestick. Draws a 50% Fibonacci retracement line from the high to the low of the bearish engulfing candle. Customizable Settings: Fibonacci Line Color: Allows customization of the Fibonacci retracement line color for both bullish and bearish engulfing candles. Fibonacci Line Style: Provides options to choose the line style (solid, dotted, dashed). Fibonacci Line Width: Enables adjustment of the line width for better visibility. Toggle Fibonacci Lines: Option to enable or disable the display of Fibonacci retracement lines. How to Use: Apply the indicator to your chart. Look for symbols below or above the candlesticks, indicating bullish or bearish engulfing candles with liquidity sweeps. Utilize the 50% Fibonacci retracement lines to identify potential support or resistance levels. Benefits: Helps in identifying key reversal patterns in the market. Provides visual aids with Fibonacci retracement levels for potential entry and exit points. Enhances trading decisions by confirming engulfing patterns with liquidity sweeps.

Pattern indicator Rules are pretty simple for this indicator .we are searching candlestick pattern on current day high and low .. *** Candlestick we are looking for *** 1) Bullish/Bearish Engulfing 2) Bearish/Bullish Harami 3)Hammer/Inverted Hammer Rule for searching bullish candlestick ====> 1) searching for current day high and day low 2) looking for candlestick as Bullish Engulfing or Bullish Harami or Hammer 3) if we got both rule 1 and rule 2 we are getting label ex- bullish engulfing 4) we can Enable/Disable Candlestick we don't want to search Rule for bearish candles ====> 1) searching for current day high and day low 2) looking for candlestick as Bearish Engulfing or Bearish Harami or inverted hammer 3) if we got both rule 1 and rule 2 we are getting label ex- bullish engulfing 4) we can Enable/Disable Candlestick we don't want to search Note -- i have created all indicator calculation .... Disclaimer: market involves significant risks, including complete possible loss of funds. Consequently trading is not suitable for all investors and traders. By increasing leverage risk increases as well.With the demo account you can test any trading strategies you wish in a risk-free environment. Please bear in mind that the results of the transactions of the practice account are virtual, and do not reflect any real profit or loss or a real trading environment, whereas market conditions may affect both the quotation and execution

Engulfing Indicator This is an "Engulfing" indicator. The "Engulfing" candle pattern is a reversal pattern that can appear at the end of an uptrend or downtrend. The indicator includes the following inputs or settings: 1. `tolerance`: This defines the percentage difference in size that there must be between the body of the current candle and that of the previous candle to consider that one candle "engulfs" the other. 2. `tailSizePercentage`: This defines the maximum percentage size of the candle's tail in relation to the body of the candle for it to be considered valid. 3. `hideBuy` and `hideSell`: If set to true, they hide the buy and sell labels on the chart. 4. `checkTailSize` and `checkPrevTailSize`: If set to true, they check the size of the tail of the current and previous candle in relation to the body of the candle. If the tail is too large (as defined by `tailSizePercentage`), it is not considered valid. The indicator works as follows: First, it calculates the size of the body of the current and previous candle. Then, it checks if the current candle is green (close greater than open) or red (close less than open). Next, it checks if the current candle "engulfs" the previous one. This means that, in the case of a green candle, the open must be less than or equal to the previous candle's close and the close must be greater than or equal to the previous candle's open. For a red candle, it's the other way around. The indicator also checks if the size of the previous candle's body is at least a certain percentage (defined by `tolerance`) of the size of the current candle's body. If `checkTailSize` or `checkPrevTailSize` is enabled, the indicator also checks the size of the tail of the current and/or previous candle. If the tail is too large in relation to the body of the candle (as defined by `tailSizePercentage`), the candle is not considered valid. Finally, if all conditions are met, a buy or sell signal is generated and a label is drawn on the chart. An alert is also generated.

All Candlestick Patterns Screener [By MUQWISHI]▋ INTRODUCTION : The Candlestick Patterns Screener has been designed to offer an advanced monitoring solution for up to 40 symbols. Utilizing a log screener style, it efficiently gathers information on confirmed candlestick pattern occurrences and presents it in an organized table. This table includes essential details such as the symbol name, signal price, and the corresponding candlestick pattern name. _______________________ ▋ OVERVIEW: _______________________ ▋ CREDIT: Credit to public technical “*All Candlestick Patterns*” indicator. _______________________ ▋ USAGE: _______________________ ▋ Final Comments: For best performance, add the Candlestick Patterns Screener on active symbol chart like QQQ, SPY, AAPL, BTCUSDT, ES, EURUSD or …etc. Candlestick patterns are not a major concept to build a trading decision. Personally, I see candlestick patterns as a means to comprehend the psychology of the market, and help to follow the price action. Please let me know if you have any questions. Thank you.

BEST Ultimate Engulfing Screener Hello traders Continuing deeper and stronger with the screeners serie. I keep getting requests private messages and requests saying that screeners aren't possible with TradingView. My answer is always... "Reallyyy ??" (I never find a better answer than that...) I'll publish a few screeners just for everyone to understand what can be done with Pinescript. We don't have to wait for TradingView to allow screener based on custom indicator - we can build our own ^^ I - What is an engulfing pattern Let's start with a screener to check for a very famous candlestick pattern called engulfing Engulfing candles tend to signal a reversal of the current trend in the market. This specific pattern involves two candles with the latter candle ‘engulfing’ the entire body of the candle before it. The engulfing candle can be bullish or bearish depending on where it forms in relation to the existing trend Source and more info here These engulfing candles indicate a strong shift in direction, and when combined with observation of the price-trending direction that precedes it, this shift creates the opportunity for a trading strategy. II - How did I set the screener I added an optional filter being Price vs SMA. The idea is to select only the engulfing whenever the price also breaks an SMA - this usually translates a stronger move - but could sometimes give the signal too late (#meh #trading #ain't #easy) The visual signals are as follow: - square: whenever the engine detects an engulfing and an SMA breakout - triangle: the engine only detects an engulfing - dash: none of the above Then the colors are: - orange when bullish - yellow when bearish - aqua/dash when none of the above Cool Hacks "But sir... what can we do with only 5 instruments for a screener?" I agree not much but... even if I allow only 5 instruments per indicator - nothing prevents you from adding multiple times the same indicator and changing the selected instruments for each. I also show why the SPX500 gave a yellow triangle (bearish engulfing) and how to match it with the screener. => imgur.com Wishing you all the BEST trading Dave

Engulfing Candles Detector Hello traders Credit to HPotter for that script I took his script and added alerts to it. 2 lines lol But anyway, useful to detect reversals by coloring bullish/bearish engulfing candles :) Enjoy David

Bearish Engulfing Strict Most of the engulfing indicators i tried seemed to only look at the candle bodies which i didnt like. This one takes into account the highs and lows as well. You get less signals but each one seem to be more reliable.

Engulfings Engulfings for bullish and bearish candles. Default is to compare to 20MA, but that is configurable. Bullish make white candles, bearish makes black candles. If the engulfing is against the direction of the MA, or if open and close are on opposite sides of the MA, the candles turn gray.