Mql5官网 Engulf Candle Pattern 外汇EA

Engulfing Candle Pattern Indicator that shows a potential zone for your trades. Often used for Supply/Demand and Support/Resistance Strategies!

Indicator Properties

Variables

• Max Candles: Number of Candles you want to elaborate
• Use “0” for All the candles in the chart
• Engulfing Size: Size of the Engulfing Candle
• Personally i use 2 or 3 for this setting.
• This setting is based on the size of the engulfing candle, more specifically, shows only engulfing that are bigger X times of the smaller candle (smaller body candle * Value of Engulfing Size)
• This setting allows the user to filter most of the small engulfing patterns happening in the chart
• Pips Approximation: Value that helps the software detecting Patterns, keep it really low, 1-2 Pips max
• I remember that software does NOT calculate AUTOMATICALLY digits of your broker, so set this value accordingly multiplying or dividing by 10

Colors for Bricks

• Color Bullish Arrow/Zones
• Color Bearish Arrow/Zones

Enable/Disable Features

• Enable Zones: Enable drawing for Engulfing zones
• Enable Arrows: Enable drawing for Arrows Above/Below Engulfing Candles