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Created page with "The indicator displays a plot corresponding to '''Bullish Engulfing''' and '''Bearish Engulfing''' candlestick patterns.<br> '''Bullish Engulfing''' is defined as: * The body..."
The indicator displays a plot corresponding to '''Bullish Engulfing''' and '''Bearish Engulfing''' candlestick patterns.<br>
'''Bullish Engulfing''' is defined as:
* The body of a green candle is larger and engulfs both the open and close of a red candle on the previous bar
* The price trend is declining
* The body of the green candle is greater than the average body
'''Bearish Engulfing''' is defined as:
* The body of a red candle is larger and engulfs both the open and close of a green candle on the previous bar
* The price trend is advancing
* The body of the red candle is greater than the average body
== Default Inputs ==
'''Length (14)''' sets the length used to calculate the average body.
[[Category:Pre-built Indicators]]
'''Bullish Engulfing''' is defined as:
* The body of a green candle is larger and engulfs both the open and close of a red candle on the previous bar
* The price trend is declining
* The body of the green candle is greater than the average body
'''Bearish Engulfing''' is defined as:
* The body of a red candle is larger and engulfs both the open and close of a green candle on the previous bar
* The price trend is advancing
* The body of the red candle is greater than the average body
== Default Inputs ==
'''Length (14)''' sets the length used to calculate the average body.
[[Category:Pre-built Indicators]]
