OPEN-SOURCE SCRIPT
Updated 3 Candle Engulfing
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:
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 updateOpen-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.