Everyone has his own search criterias to search for bullish and bearish engulfings , this screener has many adjustables parameters so that everyone can have his own tool. These settings are done in a very simple way and without having to modify the code.
Engulfing Indicator included
To adjust screeners parameters, simply open the Variables 🔧 menu :
A first general filtering of stocks is carried out on the Daily time frame according to 2 criterias :
- minimum stock price (for those who do not wish to have a penny in the results for example)
- minimum average volume (expressed in number of transactions or capital exchanged) to have the desired level of liquidity on the stock.
Results are then sorted by criteria 1 or 2 in the “Long / Short” column :
- 1 = Bullish engulfing
- 2 = Bearish engulfing
The values shown above are given, as examples and do not constitute an optimal or recommended setting, everyone should find his own settings.
Adjustable validation criteria :
- Bearish trend before a bullish engulfing
- Bullish trend befoir a bearish engulfing
- Volume increasing on the second candle
- Percentage of volume increase
Available filters :
- Bullish engulfings
- Bearish engulfings
- Wicks included
- Confirmation candle
General filter :
- Minimum stock price
- Minimum average volume
- Average volume expressed in transaction number or in capital exchanged
Characteristics :
- Works on all TimeFrames
- ProRealTime V11 and later versions compatible
- Free ProRealTime (daily closings) compatible
- Automatic and free updates
- Engulfing Indicator included
Watch the video user’s guide on our Youtube channel, subtitles available in English :
🇫🇷 Englobante / 🇮🇹 Engulfing / 🇩🇪 Verschlingen / 🇪🇸 Envolvente
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