"Engulfing Pattern Indicator" logo
Indicator
463 downloads
Version 1.0, Mar 2025
Windows, Mac
4.0
Reviews: 1
"Engulfing Pattern Indicator" uploaded image
Since 21/02/2025
466.3M
Traded volume
180.83K
Pips won
19
Sales
6.63K
Free installs

Engulfing Pattern Indicator – Description

The Engulfing Pattern Indicator detects bullish and bearish engulfing candlestick patterns, which signal potential trend reversals.


How It Works

🔍 Bullish Engulfing:

  • The previous candle is bearish (close < open).
  • The current candle is bullish (close > open).
  • The bullish candle engulfs the previous candle’s body (open < previous close & close > previous open).
  • Green marker is plotted below the pattern.

🔍 Bearish Engulfing:

  • The previous candle is bullish (close > open).
  • The current candle is bearish (close < open).
  • The bearish candle engulfs the previous candle’s body (open > previous close & close < previous open).
  • Red marker is plotted above the pattern.


Key Features

✅ Identifies strong reversal signals in price action.
✅ Works on all timeframes and markets (Forex, Stocks, Crypto).
✅ Helps traders spot high-probability trade setups at key levels.

📌 Best Use: Combine with support/resistance and trend analysis for higher accuracy! 🚀

Indicator profile
4.0
Reviews: 1
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Customer reviews
August 12, 2025
Pros: Accurate detection of bullish and bearish engulfing patterns, customizable settings, stable performance. Cons: No alerts, no MTF mode, no trade statistics.
Forex
Signal
Crypto
Stocks
Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.

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Since 21/02/2025
466.3M
Traded volume
180.83K
Pips won
19
Sales
6.63K
Free installs