Engulfing patterns are Japanese candlestick formations consisting of two consecutive candles. They occur when a second candle, opposite in color to the first, has a body that completely engulfs the body of the previous candle. There are two types: Bullish Engulfing and Bearish Engulfing patterns.
A Bullish Engulfing pattern generally appears after a downward move: a bullish candle engulfs the body of the previous bearish candle, suggesting that buyers may be regaining control. Conversely, a Bearish Engulfing pattern generally forms after an upward move: a bearish candle engulfs the body of the previous bullish candle, suggesting increasing selling pressure.
This product includes two separate ProRealTime Screeners designed to automatically detect Bullish and Bearish Engulfing patterns across financial markets.
General filtering on the daily timeframe, based on price and trading volume, allows you to select the desired liquidity level.
Numerous parameters allow you to adapt the search to your own criteria. All settings can be adjusted directly from ProRealTime's “Variables” menu, without modifying the code.
Adjustable validation criteria:
Available filters:
General filtering:
Video presentation:
Details of available settings:
< Back to home < Back to the screeners
Disclaimer
Our proposed tools (indicators and screeners) are not investment advices but tools allowing everyone to find specific graphic configurations. The automated trading systems offered have been developed and optimised using historical data; however, past performance is no guarantee of future results. Investing in the financial markets involves risks up to and including the total loss of capital. The user of the proposed tools understands and accepts that the use of these tools is under his sole and entire responsibility. P2C Trading declines all responsibility in the use of the tools and the consequences that would result.
Download guide
