PROTECTED SOURCE SCRIPT
Two-Candle Engulfing 5min
Two-Candle Engulfing Indicator (5-Minute Version)
This TradingView indicator detects two-candle engulfing patterns on the 5-minute timeframe. It identifies bullish and bearish reversals by analyzing the last three candles:
Bullish Engulfing: A green candle that fully engulfs the previous two red candles, signaling potential upward momentum.
Bearish Engulfing: A red candle that fully engulfs the previous two green candles, signaling potential downward momentum.
Features:
Works on the 5-minute timeframe, even if the chart is set to a different timeframe.
Plots green triangles below bullish engulfing candles and red triangles above bearish engulfing candles for easy visualization.
Built-in alert conditions notify you immediately when a pattern occurs, allowing you to react in real-time.
Lightweight and optimized for fast detection without affecting chart performance.
Use Cases:
Spot short-term reversal opportunities.
Combine with other indicators or trading strategies to confirm trends.
Receive alerts for potential entries or exits in day trading setups.
This TradingView indicator detects two-candle engulfing patterns on the 5-minute timeframe. It identifies bullish and bearish reversals by analyzing the last three candles:
Bullish Engulfing: A green candle that fully engulfs the previous two red candles, signaling potential upward momentum.
Bearish Engulfing: A red candle that fully engulfs the previous two green candles, signaling potential downward momentum.
Features:
Works on the 5-minute timeframe, even if the chart is set to a different timeframe.
Plots green triangles below bullish engulfing candles and red triangles above bearish engulfing candles for easy visualization.
Built-in alert conditions notify you immediately when a pattern occurs, allowing you to react in real-time.
Lightweight and optimized for fast detection without affecting chart performance.
Use Cases:
Spot short-term reversal opportunities.
Combine with other indicators or trading strategies to confirm trends.
Receive alerts for potential entries or exits in day trading setups.
Script protégé
Ce script est publié en source fermée. Cependant, vous pouvez l'utiliser librement et sans aucune restriction – pour en savoir plus, cliquez ici.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script protégé
Ce script est publié en source fermée. Cependant, vous pouvez l'utiliser librement et sans aucune restriction – pour en savoir plus, cliquez ici.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.