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3 Candle Engulfing

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Trend Analysis Candlestick Analysis Engulfing Candle
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trendanalysis candlestick engulfingcandle
Three Line Strike Candlestick Pattern (3 candle Engulfing pattern) to help you detect sniper entry point mostly for (forex)

You can use this as an indicator to detect an entry point for your trade.

Please cross-check the Macro and Micro trend and don't go against the trend. Also use other indicators to confirm your entry.

You can set the engulfing minimum pips value (Default is set to 10 pips)

How it works:
  • Yellow candle with an up green triangle means a long entry
  • White candle with a down green triangle means a short entry
Release Notes:
  • Enhanced pip calculation
  • Adding Trend consideration option (when enabled, you will not get the up or down triangles symbol if the engulfing is against trend)
Release Notes:
chart update
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.

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.

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