Advanced Engulfing Candles

There are a plenty of Engulfing candle detecting indicators but every single of them detect engulfing candles engulfed by only single candle but sometime it take more then one candle to engulf the previous opposite candle, which is also considered as engulfing candle.
So this script show both type of candles.
Type of Engulfing Candles

Normal Engulfing Candles

Candle engulfed by more then one continuous candle

I hope you will like it.
If you find any bugs or have any suggestions for any possible addition feel free to comment or DM me.

Phát hành các Ghi chú

Before :

After:

What's new :

Added ADX Filter : Remove low probability Signals
Added EMA Filter : Filter signals based on trend
Added alerts.

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In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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a_guy_from_wall_street

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