by 
This indicator overlays up to five higher-timeframe candlestick groups on the price chart. For each enabled timeframe it requests open, high, low, and close and can show up to five candles, offset by a spacing setting. The main inputs set the candle count, the
Indicator · Pine Script v6 · On the chart
Bullish Engulfing Low
Bullish Engulfing Low is an overlay indicator that marks a two-candle pattern: a bullish bar whose close is above the prior bar open and whose low stays above the prior low, after a bearish bar.
Repaints
GitHub stars7on the repository
Pine versionv6current
Lines of code44
Settings0inputs
LicenceNone statedfile: MPL-2.0
Last update5 months ago11 May 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
44 lines of Pine Script v6 from Pine Scripts/Bullish Engulfing Low v2.txt, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// Originally by syndotc, modified by The_Dennish
//@version=6
indicator("Bullish Engulfing Low", overlay=true)
//// Check if the previous candle is bullish
isBullish = close > open
// Check if the current candle is bearish
isPreviousBearish = close[1] < open[1]
// Additional conditions
// isEngulfing = close < open[1] and high > high[1]
isEngulfing = close > open[1] and low > low[1]
// Detect bearish engulfing pattern
isBearishEngulfing = isBullish and isPreviousBearish and isEngulfing
// Plot horizontal line at the highest point of the engulfing candle
var line[] engulfingLines = array.new_line()
// Function to update line colors
updateLineColors() =>
for lineId in engulfingLines
linePrice = line.get_y1(lineId)
if close > linePrice
line.set_color(lineId, color.green)
else
line.set_color(lineId, color.red)
// Detect bearish engulfing pattern and create line
if isBearishEngulfing
newLine = line.new(x1=bar_index[1], y1=low[1], x2=bar_index + 1, y2=low[1],
color=close > high[1] ? color.green : color.red,
width=1,
extend=extend.right)
array.push(engulfingLines, newLine)
// Optional: Limit the number of stored lines to prevent memory issues
if array.size(engulfingLines) > 50 // Adjust this number as needed
line.delete(array.shift(engulfingLines))
// Update colors of all existing lines
updateLineColors()
Overview
When that condition is true it draws a right-extended horizontal line at the prior candle low. Line color turns green when price is above the level and red when it is below. At most fifty lines are kept. There are no inputs, alerts, or trade rules, and the pattern can change on the still-forming bar.
- Two-candle bullish pattern after a bearish bar
- Horizontal line at the prior candle low
- Right-extended lines recolored by price
- Stored lines capped at fifty
Details
Published by
chargersfan47 on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Candlestick patterns, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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