Strong Bullish And Bearish Engulfing Pattern

17 Ağu

CONDITIONS:
🔹 1st Condition — Bullish Engulfing ➜ BUY

Previous Candle (Red): close[1] < open[1]

Current Candle (Green): close > open

Opens below previous red candle’s close: open < close[1]

Closes above previous red candle’s open: close > open[1]

➡️ Plot BUY below the green candle

🔸 2nd Condition — Bearish Engulfing ➜ SELL

Previous Candle (Green): close[1] > open[1]

Current Candle (Red): close < open

Opens above previous green candle’s close: open > close[1]

Closes below previous green candle’s open: close < open[1]

➡️ Plot SELL above the red candle

What this Script Does:

Detects Bullish Engulfing patterns ➜ plots BUY below the green candle.

Detects Bearish Engulfing patterns ➜ plots SELL above the red candle.

17 Ağu

Sürüm Notları

1st Condition — Bullish Engulfing (BUY):

close[1] < open[1] (previous candle red)

close > open (current candle green)

open < close[1] (opens below red close)

close > open[1] (closes above red open)

volume >= user input (default: 2,000,000)

🔽 Plot "BUY" below green candle

2nd Condition — Bearish Engulfing (SELL):

close[1] > open[1] (previous candle green)

close < open (current candle red)

open > close[1] (opens above green close)

close < open[1] (closes below green open)

volume >= user input (default: 2,000,000)

🔼 Plot "SELL" above red candle