OPEN-SOURCE SCRIPT
已更新 Engulfing Candle Indicator
This indicator helps identify Bullish and Bearish Engulfing candle patterns on your chart.
Bullish Engulfing: Occurs when a green candle completely engulfs the prior red candle, signaling potential upward momentum.
Bearish Engulfing: Occurs when a red candle completely engulfs the prior green candle, signaling potential downward momentum.
The script highlights these patterns with green triangles below the bars for Bullish Engulfing and red triangles above the bars for Bearish Engulfing.
This tool is helpful for traders who use candlestick patterns as part of their technical analysis strategy.
Bullish Engulfing: Occurs when a green candle completely engulfs the prior red candle, signaling potential upward momentum.
Bearish Engulfing: Occurs when a red candle completely engulfs the prior green candle, signaling potential downward momentum.
The script highlights these patterns with green triangles below the bars for Bullish Engulfing and red triangles above the bars for Bearish Engulfing.
This tool is helpful for traders who use candlestick patterns as part of their technical analysis strategy.
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Updated label on chart.
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