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This indicator will allow you to visualize bullish and / or bearish engulfing candles directly on the graph.

Many parameters are adjustable in a very easy way, and without coding any word, to allow everyone having the indicator according his own criterias.

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This indicator will show on the graph all the bullish end/or bearish engulfing candles with :

  • Light green arrow under bullish engulfing
  • Light red arrow above bearish engulfing

Can be used on all timeframe from the smallest to the largest.Capture decran 2023 01 23 a 21.45.51

The criteria, characteristics, of the engulfings candles are adjustables in a very simple way and without having to modify any line of the code. Just click on “Configure” 🔧 to  change many settings.

Capture decran 2023 01 23 a 23.42.51


The indicator will display the arrows on engulfing candles according to the adjustables criterias. So you can display only the bullish engulfing, with or without volume increase, etc…

The configurables criterias are :

  • BullishEngulfing = Enabling bullish engulfings, Checked = Activated / Unchecked = Disactivated. When this setting is disactivated bullish engulfings won’t be displayed.
  • BearishEngulfing = Enabling bearish engulfings, Checked = Activated / Unchecked = Disactivated. When this setting is disactivated bearish engulfings won’t be displayed.
  • WicksIncluded = filtering to display engulfings only if they engulf the entire previous candle, wicks included. Checked = Activated / Unchecked = Disactivated,
  • Last3ClosingsInTrend = because engulfing candles are reversal signal, we can activate / desactivate this filtering to display the engulfings only if they appear after e trend of minimum 3 closings in a trend opposite to the engulfing : the 3 closings before a bullish engulfing must be bearish, end vice versa. Checked = Activated / Unchecked = Disactivated,
  • VolumeIncreaseFactor = minimum volume increase factor on the engulfing. It’s a filtering to display engulfings only if its volume is at least equal to X times the volume of the previous candle. Where X is the volume increase factor. For example : if you want the engulfing to have at least 1,5 times the volume of the previous candle, just set VolumeIncreaseFactor = 1.5.
  • ConfirmationCandle = the indicator will only display the engulfing if it has had a confirmation candle following it. So a candle closing higher than the bullish engulfing close and vice versa. Note that the arrow remains on the engulfing candle, not on the confirmation candle. Checked = Activated / Unchecked = Disactivated.

Capture decran 2023 01 23 a 21.31.39The values shown above are given as examples and do not constitute an optimal or recommended setting, everyone should find his own settings.


🇫🇷 Englobante / 🇮🇹 Engulfing / 🇩🇪 Verschlingen / 🇪🇸 Envolvente


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  • Store Name: P2C Trading
  • Vendor: P2C Trading
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