OPEN-SOURCE SCRIPT
Bullish Engulfing with 150% Height
//version=5
indicator("Bullish Engulfing with 150% Height", overlay=true)
// Definisikan candle sebelumnya
previous_candle = close[1]
previous_high = high[1]
previous_low = low[1]
previous_open = open[1]
// Definisikan kondisi Bullish Engulfing
bullish_engulfing = close > open and close[1] < open[1] and close > open[1] and open < close[1]
// Definisikan kriteria tinggi candle sebelumnya lebih dari 150% dari tinggi candle sebelumnya
candle_height_criteria = (previous_high - previous_low) > 1.5 * (high[1] - low[1])
// Gabungkan kedua kondisi
condition = bullish_engulfing and candle_height_criteria
// Plot sinyal pada chart
plotshape(condition, style=shape.labelup, location=location.belowbar, color=color.green, text="Bullish Engulfing", size=size.small)
indicator("Bullish Engulfing with 150% Height", overlay=true)
// Definisikan candle sebelumnya
previous_candle = close[1]
previous_high = high[1]
previous_low = low[1]
previous_open = open[1]
// Definisikan kondisi Bullish Engulfing
bullish_engulfing = close > open and close[1] < open[1] and close > open[1] and open < close[1]
// Definisikan kriteria tinggi candle sebelumnya lebih dari 150% dari tinggi candle sebelumnya
candle_height_criteria = (previous_high - previous_low) > 1.5 * (high[1] - low[1])
// Gabungkan kedua kondisi
condition = bullish_engulfing and candle_height_criteria
// Plot sinyal pada chart
plotshape(condition, style=shape.labelup, location=location.belowbar, color=color.green, text="Bullish Engulfing", size=size.small)
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. You can favorite it to use it on a chart.
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