I realized this indicator to facilitate the Backtesting operations. The indicator autonomously detects the Engulfings to which filters can be placed. The available filters are:
- ATR (discards Engulfings which do not have a body greater than or equal to the value of ATR) -SWING(SWING filter, the indicator ensures that the Engulfing minimum/maximum must be the absolute minimum/maximum with respect to the number of spark plugs selected in the settings) - L3C/H3C (discards Engulfings that do not form an L3C or H3C) - RSI (Discards Engulfing that is not in overbought/oversold in the first pattern candle)
In addition, the indicator draws 4 lines (2 for bullish Engulfings and 2 for bearish Engulfings) which are SL and TP. The Stop Loss is calculated an ATR below/above the swing generated by the two Engulfing spark plugs and the Take Profit is calculated according to the return risk set in the indicator, which is 1.5 by default.
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Code Updated
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Correct part of the code. Now the SL and TP lines are calculated correctly on all time frames and the indicator can be used for the periods you prefer.
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Changed the display graphics of SL and TP.
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Correction Code
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Correction Code
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The possibility of inserting stop loss pips manually has been implemented.
@rolli626, mi spiace ma con le nuove regole di tradingview per poter abilitare nuovi utenti bisogna avere un abbonamento premium, cosa che io non ho perchè non uso più tradingview...
Giofranco
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Ciao, potresti sbloccare l'indicatore? grazie mille in anticipo, Gio
Lor2020
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ciao, puoi abilitarmi?
Morvex
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ciao potresti abilitarmi? Ti sto seguendo su youtube, Grazie
odzs7890
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Please could I kindly have access to your indicator? It's the best one out there for what I need. Many thanks.