Engulfing H4 + Filter

15 thg 8, 2018

I realized this indicator to facilitate the Backtesting operations.
The indicator autonomously detects the Engulfings to which filters can be placed. The available filters are:

- ATR (discards Engulfings which do not have a body greater than or equal to the value of ATR)
-SWING(SWING filter, the indicator ensures that the Engulfing minimum/maximum must be the absolute minimum/maximum with respect to the number of spark plugs selected in the settings)
- L3C/H3C (discards Engulfings that do not form an L3C or H3C)
- RSI (Discards Engulfing that is not in overbought/oversold in the first pattern candle)

In addition, the indicator draws 4 lines (2 for bullish Engulfings and 2 for bearish Engulfings) which are SL and TP.
The Stop Loss is calculated an ATR below/above the swing generated by the two Engulfing spark plugs and the Take Profit is calculated according to the return risk set in the indicator, which is 1.5 by default.

15 thg 8, 2018

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Code Updated

1 thg 9, 2018

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Correct part of the code. Now the SL and TP lines are calculated correctly on all time frames and the indicator can be used for the periods you prefer.

14 thg 9, 2018

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Changed the display graphics of SL and TP.

14 thg 9, 2018

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14 thg 9, 2018

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12 thg 11, 2018

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The possibility of inserting stop loss pips manually has been implemented.

12 thg 11, 2018

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12 thg 11, 2018

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27 thg 11, 2018

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9 thg 2, 2019

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