In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
//////////////////////////////////////////////////////////// // Copyright by HPotter v1.0 01/04/2014 // // This is a bullish reversal pattern formed by two candlesticks. Following a downtrend, // the first candlestick is a down candlestick which is followed by an up candlestick // which has a long real body that engulfs or contains the real body of the prior bar. // The Engulfing pattern is the reverse of the Harami pattern. //////////////////////////////////////////////////////////// study(title = "Bullish Engulfing", overlay = true) barcolor(open > close ? close > open ? close >= open ? close >= open ? close - open > open - close ? yellow :na :na : na : na : na)
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