Its a simple analysis using Candle Pattern Technique, Engulfing. The script will find the engulf candle by considering three bars before. For Bullish Engulfing it will be colored by yellow, and for Bearish will be white. I reccomend you for using this script in Daily Time Frame.
I didnt understand how working? There should be 3 yellow bars for bull? Do you have video or something
TK42DAN
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@LamekanVolta, I believe it means the engulfing candle will be indicated IF there are three opposite candles before it. So, for this to show a bullish engulfing candle (yellow) the previous three candles would need to be bearish. This helps cut out some of the noise (the extra engulfing candles that are not as reliable).
@gottatradeit, sorry, but i don't think the alert is working......
laurabreu
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@gottatradeit, what alerts? I set an alert for bullish signal, but is not activated :(
jerryyang168
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wow, it is awesome work bro..... can you make an alert for it ?
reesnable
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Thanks for the indicator! Quick question, for me it is showing bullish (yellow) but not bearish (white). I've checked on several timeframes and coins and I left all defaults settings. 'Visibility' is on for all timeframes. Anything I need to tweak? Thank you
feyyazselim
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hi Amri, my mathematical analysis is good but for the first time i will be working with economic data. In which program can I activate your source code.