cma

Bullish and Bearish Engulfing

Indicator that changes the bar's color to green if there is a Bullish Engulfing or Red if there a Bearish Engulfing Patterns.
Script open-source

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.

Vous voulez utiliser ce script sur un graphique ?
//@version=2
study("Bullish and Bearish Engulfing")

checkingHighsAndLows(position) =>
    high >= high[position] and low <= low[position]

isBearishEngulfing(position) =>
    checkingHighsAndLows(position) and open >= close[position] and open >= open[position] and close <= open[position] and close <= close[position]

isBullishEngulfing(position) =>
    checkingHighsAndLows(position) and open <= close[position] and open <= open[position] and close >= open[position] and close >= close[position]

secLast = 1

barcolor(isBearishEngulfing(secLast)? #F70317: na)
barcolor(isBullishEngulfing(secLast)? #008600: na)