Bearish/Bullish Engulfing Patterns

[mrskbrook]

If you could possibly make a indicator that picks up on engulfing patterns that would be great because I use them alot in my trading

[Apprentice]

Added to development cue

[mrskbrook]

Added to development cue

How long will it be before it will be available?

[Nikolay.Gekht]

If you'll provide a reference to the good description of Engulfing patterns it will make the development faster.

[mrskbrook]

It is when for instance in an uptrend one bar is bullish but the next bar opens at or above the close of the last bar and pushes down so that it closes below the low of the bar. Get what I'm saying? It is when a bar fully engulfs the bar before it by covering it, it is a bearish signal the one I was talking about but it would be bullish if you flipped everything I said ( for instance down trend, first bar down, second bar engulfs by trading up, that would be bullish) Hope that speeds it up

[Apprentice]

I made two algorithms, see the options of this indicator.

First.
Prev candle is completely located within the body of next one.
Second.
Previous candle body is completely inside the body of next one.

Engulfing.lua

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