Engulfing Candles (Bullish and Bearish) + Trend | by Octopu$

29 Sep 2022

⛳ Engulfing Candles (Bullish and Bearish ) with Trend Recognition | by Octopu$

This Indicator identifies and plots Engulfing Candlestick Patterns.
Engulfing Candles are a combination of two bars on a price chart.
They are used to indicate/anticipate a market reversal.
The second candlestick must be bigger than the first, so it 'engulfs' the previous bar.

This indicator identifies both Price Movements:
Bullish stands for Upside
Bearish stands for Downside

These are NOT entry/exit signals to buy or sell securities*
(*The combination of your understanding and analysis as well as other Indicators and Factors as Confluence, you can improve your Charting Analysis.)

https://www.tradingview.com/chart/K7P2ZxAb/

SPY

ANY Ticker. ANY Timeframe.
( SPY 5m as an example only.)

Features:

• Engulfing Candles
• Bullish Setups
• Bearish Setups
• Symbol Signals

Options:

• Color Picker
• Symbol Selector
• Toggle On/Off
• Show name
• Trend Direction

Notes:

v1.0
Indicator release.

Changes and updates can come in the future for additional functionalities or per requests. Follow and Stay Tuned!
Did you like it? Please Support and Shoot me a message! I'd appreciate if you dropped by to say thanks! Thank you.

- Octopu$

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