PROTECTED SOURCE SCRIPT
Updated ICT Engulfing by RK
Name of Indicator: ICT Engulfing by RK
Short Description:
Highlight bullish and bearish engulfing candles based on the ICT (Inner Circle Trader) concept, with customizable options and colors.
Full Description:
The "ICT Engulfing by RK" indicator helps traders identify and visualize bullish and bearish engulfing candles using the ICT concept. It highlights key reversal points where price sweeps liquidity, aiding traders in spotting potential market turning points.
Features:
Bullish Engulfing Detection:
Identifies candles where the current candle sweeps the previous low, closes bullish, and above the previous open.
Optionally highlight these candles with a customizable color.
Bearish Engulfing Detection:
Identifies candles where the current candle sweeps the previous high, closes bearish, and below the previous open.
Optionally highlight these candles with a customizable color.
Customization Options:
Enable/disable detection of bullish and bearish engulfing candles.
Customize the colors for bullish and bearish engulfing candles.
How It Works:
Bullish Engulfing:
Detects a candle that:
Sweeps the previous candle's low.
Closes bullish and above the previous candle's open.
Bearish Engulfing:
Detects a candle that:
Sweeps the previous candle's high.
Closes bearish and below the previous candle's open.
This indicator is perfect for price action traders and ICT enthusiasts looking to integrate liquidity concepts into their trading strategy.
Notes:
Use this indicator in conjunction with other tools and market context for best results.
Test in a demo environment before applying to live markets.
Tags:
#ICT #Engulfing #PriceAction #TradingView #Reversals
Category:
Candle Patterns
Price Action
Short Description:
Highlight bullish and bearish engulfing candles based on the ICT (Inner Circle Trader) concept, with customizable options and colors.
Full Description:
The "ICT Engulfing by RK" indicator helps traders identify and visualize bullish and bearish engulfing candles using the ICT concept. It highlights key reversal points where price sweeps liquidity, aiding traders in spotting potential market turning points.
Features:
Bullish Engulfing Detection:
Identifies candles where the current candle sweeps the previous low, closes bullish, and above the previous open.
Optionally highlight these candles with a customizable color.
Bearish Engulfing Detection:
Identifies candles where the current candle sweeps the previous high, closes bearish, and below the previous open.
Optionally highlight these candles with a customizable color.
Customization Options:
Enable/disable detection of bullish and bearish engulfing candles.
Customize the colors for bullish and bearish engulfing candles.
How It Works:
Bullish Engulfing:
Detects a candle that:
Sweeps the previous candle's low.
Closes bullish and above the previous candle's open.
Bearish Engulfing:
Detects a candle that:
Sweeps the previous candle's high.
Closes bearish and below the previous candle's open.
This indicator is perfect for price action traders and ICT enthusiasts looking to integrate liquidity concepts into their trading strategy.
Notes:
Use this indicator in conjunction with other tools and market context for best results.
Test in a demo environment before applying to live markets.
Tags:
#ICT #Engulfing #PriceAction #TradingView #Reversals
Category:
Candle Patterns
Price Action
Release Notes
Name of Indicator: ICT Engulfing by RKIntroduced alerts as well.
Short Description:
Highlight bullish and bearish engulfing candles based on the ICT (Inner Circle Trader) concept, with customizable options and colors.
Full Description:
The "ICT Engulfing by RK" indicator helps traders identify and visualize bullish and bearish engulfing candles using the ICT concept. It highlights key reversal points where price sweeps liquidity, aiding traders in spotting potential market turning points.
Features:
Bullish Engulfing Detection:
Identifies candles where the current candle sweeps the previous low, closes bullish, and above the previous open.
Optionally highlight these candles with a customizable color.
Bearish Engulfing Detection:
Identifies candles where the current candle sweeps the previous high, closes bearish, and below the previous open.
Optionally highlight these candles with a customizable color.
Customization Options:
Enable/disable detection of bullish and bearish engulfing candles.
Customize the colors for bullish and bearish engulfing candles.
How It Works:
Bullish Engulfing:
Detects a candle that:
Sweeps the previous candle's low.
Closes bullish and above the previous candle's open.
Bearish Engulfing:
Detects a candle that:
Sweeps the previous candle's high.
Closes bearish and below the previous candle's open.
This indicator is perfect for price action traders and ICT enthusiasts looking to integrate liquidity concepts into their trading strategy.
Notes:
Use this indicator in conjunction with other tools and market context for best results.
Test in a demo environment before applying to live markets.
Tags:
#ICT #Engulfing #PriceAction #TradingView #Reversals
Category:
Candle Patterns
Price Action
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.