PROTECTED SOURCE SCRIPT
EGBRisk v1.101
1. **Identifies 8 types of bullish engulfing patterns**:
- 7 standard EGB types (1️–7️) with different formation conditions (e.g., exact price matches, candle wicks, relative body sizes, etc.).
- One special **EGBRisk** type — a more aggressive but flexible engulfing variant.
2. **Works across multiple timeframes simultaneously**:
- Detects patterns on three user-defined timeframes (e.g., 30m, 15m, 5m).
- Optionally checks for **price zone overlap** between timeframes.
3. **Tracks post-pattern price behavior**:
- Detects **downside breakouts** (considered pattern failure — objects are removed).
- Marks **retests** of the custom level.
- Supports **history mode** to view older patterns.
4. **Additional features**:
- Optional **info panel** showing counts of each pattern type.
- **"Perfect Mode"** for stricter price-matching conditions.
- Customizable line styles, colors, delays, and tolerance settings.
- 7 standard EGB types (1️–7️) with different formation conditions (e.g., exact price matches, candle wicks, relative body sizes, etc.).
- One special **EGBRisk** type — a more aggressive but flexible engulfing variant.
2. **Works across multiple timeframes simultaneously**:
- Detects patterns on three user-defined timeframes (e.g., 30m, 15m, 5m).
- Optionally checks for **price zone overlap** between timeframes.
3. **Tracks post-pattern price behavior**:
- Detects **downside breakouts** (considered pattern failure — objects are removed).
- Marks **retests** of the custom level.
- Supports **history mode** to view older patterns.
4. **Additional features**:
- Optional **info panel** showing counts of each pattern type.
- **"Perfect Mode"** for stricter price-matching conditions.
- Customizable line styles, colors, delays, and tolerance settings.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.