Engulfing pattern and ADX

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • 04/15/2021 at 2:30 PM #167171 quote
    James.adejare
    Participant
    New

    Can anyone help with this screener please? Seems basic and I know there are a couple of mentions of engulfing already but I’m struggling a bit and would appreciate any help.

     

    SCREENER for bullish and bearish engulfing in the same chart

    CRITERIA

    1. Engulfing pattern (both in the same chart)
    2. Increasing ADX and value above 25

     

    Thanks if you can.

    04/15/2021 at 4:24 PM #167186 quote
    robertogozzi
    Moderator
    Master

    There you go:

    Bullish  = close > open
Bearish  = close < open
Body     = abs(close - open)
Engulf   = max(open,close) >= max(open[1],close[1]) AND min(open,close) <= min(open[1],close[1]) AND Body > Body[1]
MyAdx    = Adx[14]
AdxFlag  = MyAdx > 25 AND MyAdx > MyAdx[1]
BullCond = Bullish AND Bearish[1] AND Engulf AND AdxFlag
BearCond = Bearish AND Bullish[1] AND Engulf AND AdxFlag
Result   = 0
IF BullCond THEN
   Result = 1
ELSIF BearCond THEN
   Result = 2
ENDIF
SCREENER[Result](Result AS "1=↑, 2=↓")
    James.adejare thanked this post
  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.

Engulfing pattern and ADX


ProScreener: Market Scanners & Detection

New Reply
Author
author-avatar
James.adejare @james-adejare Participant
Summary

This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
4 years, 11 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 04/15/2021
Status: Active
Attachments: No files
Logo Logo
Loading...
Do you like cookies? 🍪 We use cookies to ensure you get the best experience on our website. (Learn more)
©2026 ProRealCode - Trading & Coding with ProRealTime™