OPEN-SOURCE SCRIPT

Engulfing Candle Marker (Full Candle)

A simple indicator that marks FULL CANDLE engulfing candles...

  • current high > previous high
  • current low < previous low
  • bullish: close > open (triangle below)
  • bearish: close < open (triangle above)


A lot of the engulfing indicators available are body only. I created a FULL CANDLE indicator because that's what I prefer using.

Can be useful for spotting both reversal and continuation price action. Always have a complete trading plan and backtest it for yourself, engulfing candles in themselves to not guarantee a profit.

You are more powerful than you know...keep expanding!

Penafian