OPEN-SOURCE SCRIPT
Price Action: Engulfing Patterns
Bullish Engulfing Pattern Detection: A bullish engulfing pattern is identified when the previous candle is bearish (close[1] < open[1]), the current candle is bullish (close > open), and the current candle's body engulfs the previous candle's body (close >= open[1] and open <= close[1]).
Bearish Engulfing Pattern Detection: A bearish engulfing pattern is identified when the previous candle is bullish (close[1] > open[1]), the current candle is bearish (close < open), and the current candle's body engulfs the previous candle's body (open >= close[1] and close <= open[1]).
Plotting the Patterns: The plotshape function is used to mark the detected patterns on the chart. Bullish engulfing patterns are marked below the bar with a green upward label, while bearish engulfing patterns are marked above the bar with a red downward label.
Bearish Engulfing Pattern Detection: A bearish engulfing pattern is identified when the previous candle is bullish (close[1] > open[1]), the current candle is bearish (close < open), and the current candle's body engulfs the previous candle's body (open >= close[1] and close <= open[1]).
Plotting the Patterns: The plotshape function is used to mark the detected patterns on the chart. Bullish engulfing patterns are marked below the bar with a green upward label, while bearish engulfing patterns are marked above the bar with a red downward label.
Skrip sumber terbuka
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.
For quick access on a chart, add this script to your favorites — learn more here.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
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.
For quick access on a chart, add this script to your favorites — learn more here.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.