OPEN-SOURCE SCRIPT
FORMULA ENGULFING PATTERN BY SADAF AZMAT
This indicator detects Bullish and Bearish Formula Engulfing patterns based purely on price action and volume, without any other technical indicators involved. When a pattern is detected, it visually marks the chart with background color changes and arrows for easy identification.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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