OPEN-SOURCE SCRIPT
Engulfing Reversal Pattern
The Engulfing Reversal Pattern indicator seeks out both bullish and bearish reversal patterns. This indicator offers the user numerous options to modify the indicator to their needs.
Key features:
Key features:
- Ability to adjust the size of the Engulfing candle in comparison to the prior candle
- Ability to adjust the number of breakout candles
- Indicator adapts to the Time Frame it is being used in
- You can choose between identifying only Bearish patterns, only Bullish patterns or both.
- Indicator Arrow size can be adjusted in size.
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.
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.
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.