OPEN-SOURCE SCRIPT

Engulfing Candles LP v0.12

380
An indicator designed to detect engulfing candles, with customizable tolerance settings. This allows you to adjust for differences in decimal precision across instruments—for example, XAU typically uses 2–3 decimal places, while EURUSD uses five.

The engulfing tolerance setting ensures the indicator works accurately across various markets.

Color coding:

Purple: Engulfing candles that are not at least twice the size of the previous candle.

Red/Green: Engulfing candles that are at least 2x larger than the previous candle (Green for bullish, Red for bearish).

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.