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Engulfing Bar Indicator (TradingView)
Engulfing Bar indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos.
The Engulfing Bar indicator is an enhanced pattern of the popular Engulfing Bar to keep only the best patterns produced in the market.
The strategy that comes with the Engulfing Bar is based on price action.
Inputs of the indicator are:
The alerts are managed by TradingView trading platform features and not by the indicator itself. You must use Engulfing Sell less than zero and Engulfing Buy greater than zero as settings for the alerts.
Example of BUY alerts settings : BUY example
Example of SELL alerts settings : SELL example
Beware that TradingView limits the number of alerts you can receive according to the plan you subscribed with the platform. If receiving alerts is important for you then you should investigate carefully this aspect before purchasing the indicator. Maybe Metatrader would be a better option to receive unlimited alerts.
Beware that alerts are managed by TradingView trading platform features and not by the indicator itself. We provide settings for alerts as a courtesy. If you have problems with alerts or need special settings then please contact TradingView support since alerting is not a feature managed by the indicator.
The Engulfing Bar indicator can be used with any class of assets: Forex, Stocks, Indices, Futures, Commodities and Cryptos.