Bearish engulfing

Bearish engulfing

Author: OKAS

Let’s see what a bearish engulfing is:
1. The previous candlestick must be a white one
2. The current candlestick must open upper the body of the previous candlestick
3. The current candlestick must close below the body of the previous candlestick

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. dmigliav • 10/20/2015 #

    Thanks a lot.
    Here the same code only for Bullish Engulfing:
    REM Compute the power of the bullish trend
    // Find the HIGHEST quote on the last 8 barsHighPoint = HIGHEST[8](LOW)
    // Compute the variation of price from this point to nowAdvance = OPEN- HighPoint
    // Compute the usual volatility of the stock (median of True Range)Norm = SUMMATION[3](TR) – HIGHEST[3](TR) – LOWEST[3](TR)
    REM Stock picking : only the Bullish engulfing
    Filter = OPEN[1] > CLOSE[1] AND CLOSE > OPEN[1] AND OPEN < CLOSE[1]
    REM We keep the most serious advancesSCREENER [ Filter ] (Advance / Norm AS”Trend Power”)

avatar
Register or

Likes

avatar
Related users ' posts
supertiti
3 months ago
luisella Great scanner Odin. Do you know where I can find -intermediate term breadth momentum oscilla...
odin hi luisella, i think breadth indicators a not available in pro realtime, because you the cal...
4example Thank you
Arnaud HALVICK Hello! Very nice screener. Thank you! I am using it to scan stocks (weekly). It is very good.
odin you welcome. i would be glad when the screener is nice for you
HeikinAshi what do you think about using the screener in smaller time units (H1, M30) on indexes? And w...
Despair What do you mean by “German extra stocks”?
odin i mean german xetra stocks :-)
Despair Ok! Thanks.
shawnybaby Hi great screener. I am quite new, is it possible to have this screener so it specifies the ...
Nicolas Thank you for this valuable stock screener. However, I can't get bearish signals with the co...
Per Inge Thanks for your advice, that is useful and I will study that option. I found that problem as...
Nicolas You can send me updates through the form on the contact page: https://www.prorealcode.com/co...

Top