PreannFX

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Explanation of the PreannFX indicator:

Candle Body Size:
The body of the current candle is larger than the previous candle.

Bullish Engulfing:
The current candle closes higher than the previous candle's high.
The body size is larger than the previous candle.

Bearish Engulfing:
The current candle closes lower than the previous candle's low.
The body size is larger than the previous candle.

Entry and Exit:
Bullish: Enter at the previous candle's open or high, stop loss at the previous low, and take profit is 1:1 with the stop loss.
Bearish: Enter at the previous candle's open or low, stop loss at the previous high, and take profit is 1:1 with the stop loss.

Visualization:
Green upward arrows for bullish engulfing patterns.
Red downward arrows for bearish engulfing patterns.