OPEN-SOURCE SCRIPT
Updated Engulfing Candle Indicator
This script shows you where a candle is either bullish or bearish engulfing the previous candle.
- A GREEN triangle below the bar pointing UP indicates that the candle is BULLISH engulfing the previous candle
- A RED triangle ABOVE the bar pointing DOWN indicates that the candle is BEARISH engulfing the previous candle
Release Notes
Updating indicator logic and adding the ability to set up alerts with this indicator.Release Notes
- Code cleanup
- Added ability to backtest the trading strategy
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.