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Engulfingpattern

Engulfing Reversal Market PhaseStay at the right side of the market. This indicator detects bullish and bearish phase in the market based on recent reversal. It is designed to help filter your trades. Open only long trades if indicator shows green and open only short trades when indicator shows red. This indicator will detect bullish and bearish engulfing reversal pattern on the chart. Bullish engulfing occurs when current candle closes below the bars that created the high. Bearish engulfing occurs when current candle closes below the bars that created the high. The reversal pattern occurs not only on a trend change, but can be also be present as a trend continuation pattern or a breakout pattern. The indicator is able to detect 3 candle patterns and multi candle patterns if detects inside bars in the pattern.
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HunterCoder tarafından
1
[TR] Engulf Patterns by SM Engulf Pattern by SM Overview: The " Engulf Pattern by SM" script is designed to identify bullish and bearish engulfing candlestick patterns on TradingView charts. Engulfing patterns are significant in technical analysis as they often indicate potential reversals in market trends. Features: - Bullish Engulfing Pattern Detection: The script identifies bullish engulfing patterns, which occur when a larger bullish candle completely engulfs the body of the previous smaller bearish candle. - Bearish Engulfing Pattern Detection: Similarly, it detects bearish engulfing patterns, where a larger bearish candle engulfs the body of the preceding smaller bullish candle. - Body Size Filtering: The script includes a feature to filter patterns based on the size of the candle bodies, allowing for more precise marking of significant patterns. - Visual Markers: The script plots visual markers on the chart to highlight the detected engulfing patterns, making it easy for traders to spot them. How It Works: 1. Bullish Engulfing Pattern: - The script checks for a smaller bearish candle followed by a larger bullish candle. - The body of the bullish candle must completely cover the body of the bearish candle. - The size of the bullish candle's body must meet a specified threshold to be considered significant. 2. Bearish Engulfing Pattern: - The script looks for a smaller bullish candle followed by a larger bearish candle. - The body of the bearish candle must completely engulf the body of the bullish candle. - The size of the bearish candle's body must meet a specified threshold to be considered significant. Usage: - Add the Script: Apply the " Engulf Pattern by SM" script to your TradingView chart. - Configure Settings: Customize the script settings to suit your trading strategy, including visual marker styles and body size thresholds. - Monitor Visual Markers: Keep an eye on the visual markers to identify potential trading opportunities based on engulfing patterns. Disclaimer: This script is not intended to be used as a direct entry signal. It should be used as a confluence in your overall trading plan. Always conduct your own analysis and consider multiple factors before making any trading decisions. Feel free to customize this writeup further to match your specific needs! If you have any other requests or need additional details, just let me know.
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sicksand tarafından
3
Engulfing Candles with Sweep by AydmaxxEngulfing Candles with Sweep Indicator The "Engulfing Candles with Sweep" indicator identifies bullish and bearish engulfing candles that exhibit liquidity sweeps. It marks these significant candlestick patterns and draws a 50% Fibonacci retracement line from the high to low of the engulfing candle. The indicator helps traders spot potential reversal points where large market players might be accumulating or distributing positions. Key Features: Bullish Engulfing Candle with Sweep: Identifies when a bullish candle (closing higher than it opened) engulfs the previous bearish candle (closing lower than it opened). Ensures that the bullish candle’s low is lower than the previous candle’s low, indicating a sweep of liquidity. Marks the identified bullish candle with a symbol below the candlestick. Draws a 50% Fibonacci retracement line from the high to the low of the bullish engulfing candle. Bearish Engulfing Candle with Sweep: Identifies when a bearish candle (closing lower than it opened) engulfs the previous bullish candle (closing higher than it opened). Ensures that the bearish candle’s high is higher than the previous candle’s high, indicating a sweep of liquidity. Marks the identified bearish candle with a symbol above the candlestick. Draws a 50% Fibonacci retracement line from the high to the low of the bearish engulfing candle. Customizable Settings: Fibonacci Line Color: Allows customization of the Fibonacci retracement line color for both bullish and bearish engulfing candles. Fibonacci Line Style: Provides options to choose the line style (solid, dotted, dashed). Fibonacci Line Width: Enables adjustment of the line width for better visibility. Toggle Fibonacci Lines: Option to enable or disable the display of Fibonacci retracement lines. How to Use: Apply the indicator to your chart. Look for symbols below or above the candlesticks, indicating bullish or bearish engulfing candles with liquidity sweeps. Utilize the 50% Fibonacci retracement lines to identify potential support or resistance levels. Benefits: Helps in identifying key reversal patterns in the market. Provides visual aids with Fibonacci retracement levels for potential entry and exit points. Enhances trading decisions by confirming engulfing patterns with liquidity sweeps.
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AydMax tarafından
6
EngulfScanEngulf Scan Introduction: The Engulf Scan indicator helps users identify bullish and bearish engulfing candlestick patterns on their charts. These patterns are often used as signals for trend reversals and are important indicators for traders. Engulf Scan signals are generated when an engulfing pattern is swallowed by another candlestick of the opposite color.The signal of a candle engulfment formation is generated when the 1st candle is engulfed by the 2nd candle and the 2nd candle is engulfed by the 3rd candle. Features: Bullish Engulfing Pattern: Indicates the start of an upward trend and typically signals that the market is likely to move higher. Bearish Engulfing Pattern: Indicates the start of a downward trend and typically signals that the market is likely to move lower. Color Coding: Users can customize the background colors for bullish and bearish engulfing patterns. Usage Guide: Adding the Indicator: Add the "Engulf Scan" indicator to your TradingView chart. Color Settings: Choose your preferred colors for bullish and bearish engulfing patterns from the indicator settings. Pattern Detection: View the engulfing patterns on the chart with the specified colors and symbols. These patterns help identify potential trend reversal points. Parameters and Settings: Bullish Engulfing Color: Background color for the bullish engulfing pattern.( Green) Bearish Engulfing Color: Background color for the bearish engulfing pattern. (Red) Examples: Bullish Engulfing Example: On the chart below, you can see bullish engulfing patterns highlighted with a green background. (Green) Bearish Engulfing Example: On the chart below, you can see bearish engulfing patterns highlighted with a red background. (Red) Frequently Asked Questions (FAQ): How are engulfing patterns detected? Engulfing patterns are formed when a candlestick completely engulfs the previous candlestick. For a bullish engulfing pattern, a bullish candlestick follows a bearish one. For a bearish engulfing pattern, a bearish candlestick follows a bullish one. Which timeframes work best with this indicator? Engulfing patterns are generally more reliable on daily and higher timeframes, but you can test the indicator on different timeframes to see if it fits your trading strategy. Can I detect a reversal or trend? As can be seen in the image, it sometimes appears as a return signal and sometimes as a harbinger of an ongoing trend.But it may be a mistake to use the indicator only for these purposes. However, this indicator may not be sufficient when used alone. It can be combined with different indicators from the Tradingview library. Updates and Changelog: v1.0: Initial release. Added detection and color coding for bullish and bearish engulfing patterns. -Please feel free to write your valuable comments and opinions. I attach importance to your valuable opinions so that I can improve myself.
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trader-mert tarafından
Engulfing [TradingFinder] Bullish & Bearish CandleStick Pattern🔵 Introduction The candlestick engulfing pattern is important pattern in technical analysis that can be observed in candlestick charts. This pattern occurs when a complete candle engulfs or "engulfs" the body of a previous candle, meaning that the body of the new candle completely covers the body of the previous candle. The candlestick engulfing pattern has two types: the bullish engulfing pattern and the bearish engulfing pattern. • Bullish Engulfing Pattern: This pattern occurs when a market candle opens with a larger and higher body than the previous market candle and completely covers the body of the previous candle. This pattern may indicate the presence of strong buying pressure and a potential change in price direction upwards. • Bearish Engulfing Pattern: This pattern occurs when a market candle opens with a larger and lower body than the previous market candle and completely covers the body of the previous candle. This pattern may indicate the presence of strong selling pressure and a potential change in price direction downwards. The candlestick engulfing pattern is usually used as a valid signal for a change in price direction in the market and can enhance a combination of crossover investments and technical analysis. However, it should always be evaluated alongside other indicators and market factors, and counter decisions should be made accordingly. 🔵 Recognition Method Correct, the candlestick engulfing pattern is one of the important patterns in technical analysis that is typically used as a strong signal for a valid change in price direction in the market. This pattern occurs when a candle (usually in the market) opens with a larger and higher (for bullish engulfing pattern) or lower (for bearish engulfing pattern) body than a previous market candle and completely covers the body of the previous candle. Example of Bullish Engulfing Pattern: • First Candle: A bearish (downward) candle with a small red body. • Second Candle: A bullish (upward) candle with a larger body that completely covers the body of the previous candle. This pattern may indicate a change in price direction from downward to upward. Example of Bearish Engulfing Pattern: • First Candle: A bullish (upward) candle with a small green body. • Second Candle: A bearish (downward) candle with a larger body that completely covers the body of the previous candle. This pattern may indicate a change in price direction from upward to downward. The most important point is that the candlestick engulfing pattern should be carefully considered and always evaluated alongside other market indicators and overall conditions. For example, the engulfing pattern near important support or resistance levels, during significant market command changes, or accompanied by other technical signals can have greater signaling power. 🟣 "Bullish Engulfing" Candle • The first candle is bullish and the second candle is bearish. • At the end of a downtrend. • The closing of the first candle is above the opening of the second candle. • The high of the first candle is higher than the high of the second candle. Optimal Condition: • The closing of the first candle is higher than the high of the second candle. • More than 80% of the first candle is bullish. 🟣 "Bearish Engulfing" Candle • The first candle is bearish and the second candle is bullish. • At the end of an uptrend. • The closing of the first candle is below the opening of the second candle. • The low of the first candle is lower than the low of the second candle. Optimal Condition: • The closing of the first candle is below the opening of the second candle. • More than 80% of the first candle is bearish. 🔵 Settings The "Engulf Filter" option allows the "Optimal Condition" to be executed and will show fewer candlesticks. 🔵 Status Off: Default mode, showing more identifications. • Green color indicates optimal "Bullish Engulfing" candles. • Red color indicates optimal "Bearish Engulfing" candles. On: By changing the default to "On," the number of identifications decreases and the optimal condition is applied. • Blue color indicates "Bullish Engulfing" candles. • Black color indicates "Bearish Engulfing" candles. 🟣 Important Note "Engulfing" candles are very useful signals in the direction of the overall trend, but we do not expect a suitable movement from "Engulfing" candles against the trend.
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TFlab tarafından
1
Engulfing IndicatorThis is an "Engulfing" indicator. The "Engulfing" candle pattern is a reversal pattern that can appear at the end of an uptrend or downtrend. The indicator includes the following inputs or settings: 1. `tolerance`: This defines the percentage difference in size that there must be between the body of the current candle and that of the previous candle to consider that one candle "engulfs" the other. 2. `tailSizePercentage`: This defines the maximum percentage size of the candle's tail in relation to the body of the candle for it to be considered valid. 3. `hideBuy` and `hideSell`: If set to true, they hide the buy and sell labels on the chart. 4. `checkTailSize` and `checkPrevTailSize`: If set to true, they check the size of the tail of the current and previous candle in relation to the body of the candle. If the tail is too large (as defined by `tailSizePercentage`), it is not considered valid. The indicator works as follows: First, it calculates the size of the body of the current and previous candle. Then, it checks if the current candle is green (close greater than open) or red (close less than open). Next, it checks if the current candle "engulfs" the previous one. This means that, in the case of a green candle, the open must be less than or equal to the previous candle's close and the close must be greater than or equal to the previous candle's open. For a red candle, it's the other way around. The indicator also checks if the size of the previous candle's body is at least a certain percentage (defined by `tolerance`) of the size of the current candle's body. If `checkTailSize` or `checkPrevTailSize` is enabled, the indicator also checks the size of the tail of the current and/or previous candle. If the tail is too large in relation to the body of the candle (as defined by `tailSizePercentage`), the candle is not considered valid. Finally, if all conditions are met, a buy or sell signal is generated and a label is drawn on the chart. An alert is also generated.
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Dreadblitz tarafından
6
Liquidity Engulfing & Displacement [MsF]Japanese below / 日本語説明は英文の後にあります。 ------------------------- *This indicator is based on upslidedown's "Liquidity Engulfing Candles ". It's a very cool indicator. thank you. It has 2 functions: show the Liquidity Engulfing on HTF and candle color change when displacement occurs. === Function description === 1. Liquidity Engulfing on HTF This indicator gives Liquidity Engulfing signals not only for the current candle, but also for H4 and H1 on HTF. You can use that a bullish engulfing on H1 is a BOS on m5 and on H4 is a BOS on m15. It uses the theory of stop hunt from ICT. Also, It's possible to fire alert. 2. Displacement Change the color display of the candlesticks when a bullish candleStick or bearish candleStick is attached. Furthermore, by enabling the "Require FVG" option, you can easily discover the FVG (Fair Value Gap). It is a very useful function for ICT trading. When H1 candle takes liquidity from one side and moves with an explosive move to the other side of the previous candle (displacement), it creates break of market structure on M5. Entry on discount FVG or OTE with stop loss at or below the stop hunt wick. === Parameter description === - Liquidity engulfing candles(LEC) SETTING - Show H1 LEC … Whether to show LEC for H1 - Show H4 LEC … Whether to show LEC for H4 - Show Current LEC … Whether to show LEC for current timeframe - Apply Stop Hunt Wick Filter … Require candle wick into prior candle retracement zone - Apply Close Filter … Require LL/HH on candle in order to print a valid engulfing signal - DISPLACEMENT SETTING - Require FVG … Draw only when FVG occurs - Displacement Type … Displacement from open to close? or from high to low? - Displacement Length … Period over which to calculate the standard deviation - Displacement Strength … The larger the number, the stronger the displacement detected ------------------------- 2つの機能があります: 上位足のLiquidity engulfing（流動性獲得）を表示することと、大きな変位が発生したときにローソク足の色を変更することです。 === 機能説明 === 1. 上位足のLiquidity engulfing このインジケーターは、現在のローソク足だけでなく、上位足の H4 および H1 に対してもLiquidity engulfingシグナルを提供します。 H1はm5、H4はm15での使用を推奨します。これはICTのストップハント理論を活用しています。また、アラートを発することも可能です。 2. 変位（DISPLACEMENT） 大きな陽線、陰線を付けた場合に、そのローソク足をカラー表示を変更します。 さらに"Require FVG"オプションを有効にすることで、FVG（Fair Value Gap）を容易に発見することができます。ICTトレードにを行うにあたり大変有用な機能となっています。 === パラメータの説明 === - Liquidity engulfing candles(LEC) SETTING - Show H1 LEC … H1のLECを表示するかどうか - Show H4 LEC … H4のLECを表示するかどうか - Show Current LEC … 現在の期間の LEC を表示するかどうか - Apply Stop Hunt Wick Filter … ハラミ足、もしくは包み足になっている場合のみに検知させる - Apply Close Filter … １つ前のローソクよりも終値で超えていた場合のみに検知させる - DISPLACEMENT SETTING - Require FVG … FVG発生時のみ描画する - Displacement Type … openからcloseまでの変位か？highからlowまでの変位か？ - Displacement Length … 標準偏差を計算する期間 - Displacement Strength … 変位の強さ（数字が大きいほど強い変位を検出）
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Trader_Morry tarafından
2
Engulfing Pinbar [serkany88]This is an experimental candlestick pattern that combines pinbars and engulfing patterns as my own implementation. These signals can be used as a possible reversal points based on timeframe used or set wick size. Of course these signals should never be used on their own but rather can be used as another confluence of possible entry signal. Functional and Manual alerts provided with simple and clean code. TLDR: Use as a possible reversal point for your entries in combination with your trend and volatility filters. Green means possible bullish move, Red means possible bearish move.
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serkany88 tarafından
13
Liquidity Engulfing Candles [upslidedown]Liquidity engulfing candles (LEC) are a variant of a common candlestick pattern: engulfing candles but with a couple extra conditions applied. These conditions expect highs/lows to be taken out in order to show a continuation or reversal signal. Filter 1: Stop Hunt Wick Filter This filter requires the candle to wick into the prior candles high or low ( bullish = wick below prior candle lows). This is the stop hunt. Filter 2: Close Filter This filter requires the candle to close above or below above the prior candle ( bullish = close above prior candle high). This is the confirmation. This idea was introduced to me by @attrk632. Thanks, mate!
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upslidedown tarafından
12
Engulfing Candle Marker (Full Candle)A simple indicator that marks FULL CANDLE engulfing candles... current high > previous high current low < previous low bullish: close > open (triangle below) bearish: close < open (triangle above) A lot of the engulfing indicators available are body only. I created a FULL CANDLE indicator because that's what I prefer using. Can be useful for spotting both reversal and continuation price action. Always have a complete trading plan and backtest it for yourself, engulfing candles in themselves to not guarantee a profit. You are more powerful than you know...keep expanding!
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TradingHeroes tarafından
4
Volume Impulse & Candlestick Patterns - FontiramisuIndicator showing volume impulse & engulfing candlestick pattern. You can set up multiple parameter for both events. Volume Impulse : Volume Period : Lenght of the average volume calculated. Volume Multiplier : Factor to compare actual volume with average volume. Engulfing Pattern : VS avg body : Let you chose to compare body candle to average body of the last few candles (define with parameter : lenghtSizeAvgBody ), otherwise it will be compared to the last body candle. Engulfing Multiplier : Factor to compare and validate the pattern.
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Fontiramisu tarafından
7
Pivot Point CandlesIndicator that highlights Hammer, Inverted Hammer, Engulfing, and Harami candlestick patterns. Great for those looking for a quick way to show the most popular reversal patterns on the charts. Options will allow you to select to show Hammers, Engulfing or Harami patterns only. You choose the combinations that you want. Great tool to learn and training your eyes to the patterns. You also have an option to select "Super" versions of the Engulfing and the Harami patterns, the Supers only shows if the pattern engulfs the body and the wick of the smaller candle in the pattern. The indicator will show Bullish opportunities and Bearish opportunities on the chart for each of the patterns. The inverted hammer will show at the top indicating a Bear move, and the Hammer will show below price indicating a Bullish move. Use this indicator in conjunction with other Support & Resistance such as the simple moving averages, trend lines, flat lines, or even Bollinger bands. When these patterns show at or around these points on the chart they will indicate a reversal is pending. Wait for the next candle as confirmation that the move will actually take place in the direction indicated and you will have your pivot point on the chart and create a higher probability of success. Leverage Stochastic, RSI, or CCI indicators to help confirm the reversal as well. Look out for resistance above or support below to determine your targets for the reversal. Happy trading!
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karimka tarafından
2
Candlestick Patterns by Dipak V2I am really excited to publish my work, I know its at the beginning but there is a lot to come in the future. I am writing a script to identify the candlestick patterns. In this version, I have added Hammer and Hanging Man Pattern in the first version, I know its less but its a beginning, I will keep adding the new information in my script in upcoming versions. This script is for only learning purpose and not for treading realtime. In this script, it only identifies the pattern and does not check for its confirmation or does not provide any stop-loss, Also it does not check the prior trend before the pattern. These things really matter in the live trade. But in future, I am planning to add these things. If you like my work, please like or comment your ideas I will try to include those in upcoming versions. Hanging Man: Hanging man is a bearish reversal candlestick pattern that signals about the uptrend or advancing phase are over and bulls have lost their control. Color of the candle is not important. Identity: 1) Comes after a significant up rally or uptrend or advancing phase. 2) Small real body at the top. 3) Long lower shadow at least twice the real body. 4) Very small or no upper shadow. Confirmation: Immediate next candle’s close should be below the hanging man’s real body. StopLoss: There is a potential resistance level above the top of the hanging man. Stoploss should be above the resistance area or at the high of the hanging man. Hammer: Hammer is a bullish reversal candlestick pattern that signals about the downtrend or declining phase are over and bears have lost their control. Color of the candle is not important. Identity: 1) Comes after significant down rally or downtrend or declining phase. 2) Small real body at the top. 3) Long lower shadow at least twice the real body. 4) Very small or no upper shadow. Confirmation: Immediate next candle’s close should be above the hammer’s low. StopLoss: There is a potential support level below the low of the hammer. Stoploss should be below the support area or at the low of the hammer. Note: The candle is the same for Hanging Man and Hammer , Difference is where they appear in the uptrend or in the downtrend that makes the real difference.
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Dipak_Patil_ tarafından
19
BEST Engulfing + Breakout StrategyHello traders This is a simple algorithm for a Tradingview strategy tracking a convergence of 2 unrelated indicators. Convergence is the solution to my trading problems. It's a puzzle with infinite possibilities and only a few working combinations. Here's one that I like - Engulfing pattern - Price vs Moving average for detecting a breakout Definition Take out the notebooks :) and some coffee (good for focus). I'm bullish in coffee The engulfing pattern is a two-candle reversal pattern. The second candle completely ‘engulfs’ the real body of the first one, without regard to the length of the tail shadows. The bullish Engulfing pattern appears in a downtrend and is a combination of one red candle followed by a larger green candle The bearish Engulfing pattern appears in a downtrend and is a combination of one green candle followed by a larger red candle Example: imgur.com We're bored sir... what's the point of all this? In summary, an engulfing is a pattern to track reversals. (the whole TradingView audience stands up now giving a standing ovation) Adding the Price vs Moving average filters allows to track reversals with momentums (half of the audience collapsed because this is too awesome) Ok sir... you picked up my interest I included some cool backtest filters: - date range filtering - flexible take profit in USD value (plotted in blue) - flexible stop loss in USD value (plotted in red) All the best Dave
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Daveatt tarafından
21
BEST Ultimate Engulfing ScreenerHello traders Continuing deeper and stronger with the screeners serie. I keep getting requests private messages and requests saying that screeners aren't possible with TradingView. My answer is always... "Reallyyy ??" (I never find a better answer than that...) I'll publish a few screeners just for everyone to understand what can be done with Pinescript. We don't have to wait for TradingView to allow screener based on custom indicator - we can build our own ^^ I - What is an engulfing pattern Let's start with a screener to check for a very famous candlestick pattern called engulfing Engulfing candles tend to signal a reversal of the current trend in the market. This specific pattern involves two candles with the latter candle ‘engulfing’ the entire body of the candle before it. The engulfing candle can be bullish or bearish depending on where it forms in relation to the existing trend Source and more info here These engulfing candles indicate a strong shift in direction, and when combined with observation of the price-trending direction that precedes it, this shift creates the opportunity for a trading strategy. II - How did I set the screener I added an optional filter being Price vs SMA. The idea is to select only the engulfing whenever the price also breaks an SMA - this usually translates a stronger move - but could sometimes give the signal too late (#meh #trading #ain't #easy) The visual signals are as follow: - square: whenever the engine detects an engulfing and an SMA breakout - triangle: the engine only detects an engulfing - dash: none of the above Then the colors are: - orange when bullish - yellow when bearish - aqua/dash when none of the above Cool Hacks "But sir... what can we do with only 5 instruments for a screener?" I agree not much but... even if I allow only 5 instruments per indicator - nothing prevents you from adding multiple times the same indicator and changing the selected instruments for each. I also show why the SPX500 gave a yellow triangle (bearish engulfing) and how to match it with the screener. => imgur.com Wishing you all the BEST trading Dave
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Daveatt tarafından
8
Bull Bear 180 by Oliver VelezThis script detects an event created by Oliver Velez is called Bull / Bear 180, in the following images the event is detailed: - The size of the control bar can be set compared to a number of previous bars - The minimum % of the control bar body can be set - You can filter by trend - Possibility of seeing fast and slow media with direction detection and color change - Various graphic settings - Event alerts To enjoy! A thumbs up if you like me!
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Dreadblitz tarafından
13