The document describes a Hidden Engulfing candlestick pattern indicator for MetaTrader 5 that can identify the pattern using either a two bar or three bar breakout. For a two bar breakout, it looks for a bearish candle's open being broken by a bull candle's close, with at least one hanging man candle in between. For a three bar breakout, it looks for the same pattern but requires at least two hanging man candles between the bearish and bullish candles. The indicator can be downloaded and attached to charts to identify these hidden engulfing patterns.
The document describes a Hidden Engulfing candlestick pattern indicator for MetaTrader 5 that can identify the pattern using either a two bar or three bar breakout. For a two bar breakout, it looks for a bearish candle's open being broken by a bull candle's close, with at least one hanging man candle in between. For a three bar breakout, it looks for the same pattern but requires at least two hanging man candles between the bearish and bullish candles. The indicator can be downloaded and attached to charts to identify these hidden engulfing patterns.
The document describes a Hidden Engulfing candlestick pattern indicator for MetaTrader 5 that can identify the pattern using either a two bar or three bar breakout. For a two bar breakout, it looks for a bearish candle's open being broken by a bull candle's close, with at least one hanging man candle in between. For a three bar breakout, it looks for the same pattern but requires at least two hanging man candles between the bearish and bullish candles. The indicator can be downloaded and attached to charts to identify these hidden engulfing patterns.
Views: 1785 Rating: (4) Published: 2023.10.31 03:28 Hidden_Engulf.mq5 (5.65 KB) view Download as ZIP, How to download code from MetaEditor Hidden Engulfing Candlestick Pattern with option to select Two bar or Three bars break Two Bars Break Example: A bearish candle's open broken by a close of a bull candle which having atleast one haramis (pregnant) in between the bear and bull candle Thre Bars Break example : A bearish candle's open broken by a close of a bull candle which having atleast two haramis (pregnant) in between the bear and bull candle
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Revo Trades | 8 Nov 2023 at 07:16 arrow on open candle appears at bottom right corner when attach to chart.
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