This Script used RSI, EMA of RSI, Stochastic RSI and Bearish Engulfing Indicators. This is bearish candlestick reversal pattern formed by two candlesticks . Following an uptrend, the first candlestick is a up candlestick which is followed by a down candlestick which has a long real body that engulfs or contains the real body of the prior bar.
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 a publication is governed by House Rules.
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