OPEN-SOURCE SCRIPT
Bullish Engulfing Strategy
This is a bullish reversal pattern formed by two candlesticks. Following a downtrend,
the first candlestick is a down candlestick which is followed by an up candlestick
which has a long real body that engulfs or contains the real body of the prior bar.
The Engulfing pattern is the reverse of the Harami pattern.
WARNING:
- This script to change bars colors.
the first candlestick is a down candlestick which is followed by an up candlestick
which has a long real body that engulfs or contains the real body of the prior bar.
The Engulfing pattern is the reverse of the Harami pattern.
WARNING:
- This script to change bars colors.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.