Update to the Engulfing Bar Indicator. (Previously under TradeSimple Folder)
- Colors green / red engulfing bars in real time. User can choose different colors for each.
- Can set an Offset to allow “Imperfect” engulfing bars.
- Option to highlight screen over the most recent engulfing bar.
- Option for audio alert once an engulfing bar closes. User selected audio file.
For original explanation video:
https://youtu.be/YChEpDxJF_A
New update. Can now be used with Strategy Builder. (Hint: Use numeric value)
- Bullish pattern (Green Engulfing bar): +1
- Bearish pattern (Red Engulfing Bar): -1
- Added a continuation engulfing bar (Engulfs same color candle)
For a video explanation on how to set up this indicator with Strategy Builder:
https://youtu.be/IqMJCp8N0-4