HPotter

Bullish Engulfing automatic finding script

Hi
Let me introduce my Bullish Engulfing automatic finding script.
This is a bullish reversal pattern formed by two candlesticks . Following a downtrend,
the first candlestick is a down candlestick which is followed by an up candlestick
which has a long real body that engulfs or contains the real body of the prior bar.
The Engulfing pattern is the reverse of the Harami pattern.
Keluarkan daripada Skrip Pilihan Tambah kepada Skrip Pilihan
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//  Copyright by HPotter v1.0 01/04/2014
//
//    This is a bullish reversal pattern formed by two candlesticks. Following a downtrend, 
//    the first candlestick is a down candlestick which is followed by an up candlestick 
//    which has a long real body that engulfs or contains the real body of the prior bar. 
//    The Engulfing pattern is the reverse of the Harami pattern. 
////////////////////////////////////////////////////////////

study(title = "Bullish Engulfing", overlay = true)
barcolor(open[1] > close[1] ? close > open ? close >= open[1] ? close[1] >= open ? close - open > open[1] - close[1] ? yellow :na :na : na : na : na)

Komen

So what is the indication? the yellow bars?
Balas
HPotter maudelebowski
@maudelebowski, That pattern Bullish Engulfing was formed.
Balas
Is there a way I can create an alert whenever a Bullish or Bearish engulfing bar forms ?
+31 Balas
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