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Heikin Ashi Engulfing Alerts

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Heikin Ashi Engulfing Alerts
This indicator detects and alerts traders to bullish and bearish engulfing patterns based on Heikin Ashi candles—a powerful method for identifying trend reversals with reduced market noise.

Key Features:

📊 Bullish Engulfing Signal: Triggers when a green Heikin Ashi candle completely engulfs the body of a preceding red candle. Suggests a potential bullish reversal.

📉 Bearish Engulfing Signal: Triggers when a red Heikin Ashi candle fully engulfs the prior green candle’s body. Indicates possible bearish momentum.

✅ Smoothed Trend Recognition: Uses Heikin Ashi smoothing to filter out short-term volatility and false signals.

🔔 Custom Alerts: Built-in alerts for both bullish and bearish engulfing patterns, enabling timely trade decisions.

Best Used On:

Higher timeframes (1H, 4H, Daily) to enhance signal reliability.

In combination with volume, RSI, or trend indicators for added confirmation.

Penafian

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