Its a simple analysis using Candle Pattern Technique, Engulfing. The script will find the engulf candle by considering three bars before. For Bullish Engulfing it will be colored by yellow, and for Bearish will be white. I reccomend you for using this script in Daily Time Frame.
Enjoyyyy!!!
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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