Most of the engulfing indicators i tried seemed to only look at the candle bodies which i didnt like. This one takes into account the highs and lows as well. You get less signals but each one seem to be more reliable.
Users can now set up an alarms for bearish engulfings
Aadded bullish engulfing + alert
Updated chart image
BitMEX provides 100x leverage and is in tremendous growth. They are a great way to profit off of bitcoins volatility. Make sure to get an account and try them out. https://www.bitmex.com/register/iP7sMI