Unusual ENGULFING screener

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    robertogozzi
    Moderator
    Master

    This unusual engulfing pattern can be found here (last code): Unusual engulfing

    // ENGULFING  (TradingView 4)  (Engulfing Look-back Alert)
    //
    //https://www.tradingview.com/script/lfEO7LvU-Engulfing-Look-back-Alert/
    //
    //Engulfing Candle Definition:
    //
    //- Bullish Engulfing: Trade BELOW the prior candle's LOW and CLOSE ABOVE the prior candle's HIGH.
    //  Previous candle can be an up ( bullish ) or a down ( bearish ) candle
    //- Bearish Engulfing: Trade ABOVE the prior candle’s HIGH and CLOSE BELOW the prior candle’s LOW.
    //  Previous candle can be an up ( bullish ) or a down ( bearish ) candle
    //
    //Features:
    //
    //- Set the look-back period for engulfing candle high and low -> default = 1; e.g. Did the bullish
    //  eng candle trade below the lows of the last 3 candles and trade above the highs of the last 4
    //  candles? Set the input values accordingly
    LookBack  = 1                                      //1  lookback period (default)
    bullHiHis = highest[LookBack](high[1])
    bullLoLos = lowest[LookBack](low[1])
    bearHiHis = highest[LookBack](high[1])
    bearLoLos = lowest[LookBack](low[1])
    //===============================================
    //BULLISH ENGULFING
    //===============================================
    //Candle must close above prev candle high AND candle low is lower than the lowest low for the
    //look-back period (bullLowLows) AND candle high is higher than look-back period for the highest
    //high (bullHiHighs)
    BullishEngulfing = (close > high[1]) and (low < bullLoLos) and (high > bullHiHis)
    //
    //===============================================
    //BEARISH ENGULFING
    //===============================================
    //Candle must close BELOW prev candle low AND candle high is higher than the highest high for the
    // look-back period (bearHiHighs) AND candle low is lower than look-back period for the lowest low
    // (bearLowLows)
    BearishEngulfing = (close < low[1]) and (high > bearHiHis) and (low < bearLoLos)
    //
    Cond = 0
    IF BullishEngulfing THEN
       Cond = 1
       //DrawCandle(Open,High,Low,Close)                  coloured(255,255,0,255) //Giallo
       //DrawText("↓",BarIndex,high+range,Dialog,Bold,30) coloured(255,255,0,255)
    ELSIF BearishEngulfing THEN
       Cond = 2
       //DrawCandle(Open,High,Low,Close)                  coloured(0,0,255,255)   //Blù
       //DrawText("↓",BarIndex,high+range,Dialog,Bold,30) coloured(0,0,255,255)
    ENDIF
    SCREENER[Cond]
    thanked this post
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Unusual ENGULFING screener


ProScreener: Market Scanners & Detection

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Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 09/10/2021
Status: Active
Attachments: No files
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