Candlestick patterns ENGULFING

The indicator displays Engulfing candlestick pattern on the chart.

Colors and notifications are customizable. Trends can be filtered by extreme points and MA. Candle body/wick ratio filter is also provided.

The indicator shows good results on H1, H4, and D1.

Signals are not re-painted. Indicator values based on MA filtration show a very high percentage of profitable signals.

Parameters

• Number of points for the calculation history - number of bars for calculation in history
• frame Color Buy - Buy frame color
• frame Color Sell - Sell frame color
• Use visual alert - use visual alert
• Setting a pattern - Engulfing pattern settings
• Display pattern - display Engulfing pattern
• The candle must close - self-explanatory
• Number of candles to determine the trend - self-explanatory
• A method of determining the trend - self-explanatory
• Time frames MA - MA timeframe
• Period MA - MA period
• MA Shift - MA shift
• MA Method - MA averaging method
• MA Price - MA price calculation