rmunoz

Engulfing Candle Indicator

This script shows you where a candle is either bullish or bearish engulfing the previous candle.

  • A GREEN triangle below the bar pointing UP indicates that the candle is BULLISH engulfing the previous candle
  • A RED triangle ABOVE the bar pointing DOWN indicates that the candle is BEARISH engulfing the previous candle
Release Notes: Updating indicator logic and adding the ability to set up alerts with this indicator.
Release Notes:
  • Code cleanup
  • Added ability to backtest the trading strategy
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. You can favorite it to use it on a chart.

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