PROTECTED SOURCE SCRIPT
Engulfing
The 'Engulfing' is a straightforward price action tool designed to highlight momentum shifts through color-coded candles. You also get a layer of manual control with a custom candle range setting. This feature allows you to filter out small, insignificant candles and focus only on patterns that meet your specific entry criteria.
This indicator is intended to be used strictly as a confluence tool, not a standalone trading system. It is most effective when used to confirm entries at key areas of interest, such as established support and resistance or supply and demand zones. To find valid trades, avoid trading every highlighted candle in isolation; instead, use the color changes as a visual signal that momentum is shifting at a structurally important price level.
This indicator is intended to be used strictly as a confluence tool, not a standalone trading system. It is most effective when used to confirm entries at key areas of interest, such as established support and resistance or supply and demand zones. To find valid trades, avoid trading every highlighted candle in isolation; instead, use the color changes as a visual signal that momentum is shifting at a structurally important price level.
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.