The Heikin-Ashi Chart Identifier is an indicator that checks if the current chart uses Heikin-Ashi candles. It tracks matched candles where open equals the average of previous open and close, and verifies no gaps between bars. When conditions match, it display
Indicator · Pine Script v5 · On the chart
Engulfing Bullish/Bearish (Candlestick Pattern)
This indicator marks bullish and bearish engulfing candlestick patterns on the price chart.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code27
Settings2inputs
LicenceNone statedfile: MPL-2.0
Last update2 years ago9 Aug 2024
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
27 lines of Pine Script v5 from candlesticks/engulfing.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © AugustoErni
//@version=5
indicator("Engulfing Bullish/Bearish (Candlestick Pattern)", overlay=true)
showBullishEngulfing = input.bool(defval=true, title="Show Bullish Engulfing", tooltip="Show or hide the Bullish Engulfing pattern.")
showBearishEngulfing = input.bool(defval=true, title="Show Bearish Engulfing", tooltip="Show or hide the Bearish Engulfing pattern.")
isBullishCandle = close > open
isBearishCandle = open > close
isPreviousBullishCandle = close[1] > open[1]
isPreviousBearishCandle = open[1] > close[1]
isShadowEngulfing = low < low[1] and high > high[1]
isBullishBodyEngulfing = math.floor(open) <= math.floor(close[1]) and math.floor(close) >= math.floor(open[1])
isBearishBodyEngulfing = math.floor(open) >= math.floor(close[1]) and math.floor(close) <= math.floor(open[1])
isBullishEngulfing = isBullishCandle and isPreviousBearishCandle and isShadowEngulfing and isBullishBodyEngulfing
isBearishEngulfing = isBearishCandle and isPreviousBullishCandle and isShadowEngulfing and isBearishBodyEngulfing
barcolor(isBullishEngulfing ? color.white : isBearishEngulfing ? color.black : na)
plotshape(isBullishEngulfing and showBullishEngulfing, title="Bullish Engulfing", style=shape.arrowup, location=location.belowbar, color=color.rgb(255, 255, 255), text="Bullish Engulfing", textcolor=color.green)
plotshape(isBearishEngulfing and showBearishEngulfing, title="Bearish Engulfing", style=shape.arrowdown, location=location.abovebar, color=color.rgb(0, 0, 0), text="Bearish Engulfing", textcolor=color.red)
Overview
A bullish signal needs a bullish candle after a bearish candle, a high-low range that covers the previous bar, and a floored body that covers the previous body. A bearish signal uses the opposite conditions. Matching bars are recolored and labeled with arrows and text. Two inputs show or hide each pattern. It does not generate entries, exits, or risk rules.
- Bullish engulfing pattern detection
- Bearish engulfing pattern detection
- Shadow and floored body engulfing checks
- Arrow labels below or above bars
- Toggle visibility of each pattern
Details
Published by
augustoerni on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Candlestick patterns
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Bullish Engulfing | bool | true | showBullishEngulfing |
| Show Bearish Engulfing | bool | true | showBearishEngulfing |
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.
Similar Pine Scripts
The indicator plots ICT displacement candles on the price chart and can switch to retracement scanning. Displacement requires a move larger than a set share of the 14-bar average high-low range, lasting at least a chosen number of bars, with optional close, pr
All Candlestick Patterns detects and highlights a wide range of bullish, bearish, and neutral candlestick patterns directly on the price chart. It features optional trend filtering using either a 50-period simple moving average or a combination of 50-period an
Mean Reversion Study is an indicator that identifies trade setups combining exponential moving averages, RSI extremes, and engulfing candlestick patterns. It highlights bullish setups when a bullish engulfing candle forms below the EMA while RSI is oversold, a
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
This indicator detects a large set of classic candlestick patterns and plots colored labels on the price chart. Trend context uses a 50-period simple moving average, or the 50 and 200 averages stacked together, and can be switched off. Users filter bullish, be
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers