Engulfing Pattern Indicator
Indicator
463 downloads
Version 1.0, Mar 2025
Windows, Mac
4.0
Reviews: 1
Description
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! 🚀
Summary
AI summary
The Engulfing Pattern Indicator identifies bullish and bearish engulfing candlestick patterns, which are signals of potential trend reversals in price action. It works by detecting when a current candle fully engulfs the body of the previous candle under specific conditions:
- Bullish Engulfing occurs when a bearish candle is followed by a larger bullish candle that engulfs the previous candle’s body. A green marker is plotted below this pattern.
- Bearish Engulfing occurs when a bullish candle is followed by a larger bearish candle that engulfs the previous candle’s body. A red marker is plotted above this pattern.
This indicator operates across all timeframes and markets, including Forex, Stocks, and Crypto. It helps traders identify strong reversal signals and high-probability trade setups at key levels. For improved accuracy, it is recommended to use this indicator in combination with support/resistance and trend analysis.
- Bullish Engulfing occurs when a bearish candle is followed by a larger bullish candle that engulfs the previous candle’s body. A green marker is plotted below this pattern.
- Bearish Engulfing occurs when a bullish candle is followed by a larger bearish candle that engulfs the previous candle’s body. A red marker is plotted above this pattern.
This indicator operates across all timeframes and markets, including Forex, Stocks, and Crypto. It helps traders identify strong reversal signals and high-probability trade setups at key levels. For improved accuracy, it is recommended to use this indicator in combination with support/resistance and trend analysis.
Indicator profile
Customer reviews
4.0
Reviews: 1
5 | 0 % | |
4 | 100 % | |
3 | 0 % | |
2 | 0 % | |
1 | 0 % |
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.
Discussion
FAQ
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Price
Since 21/02/2025
466.3M
Traded volume
180.83K
Pips won
22
Sales
6.9K
Free installs