Engulfing Pattern [AlgoPrime]

Engulfing Pattern highlights changes in candle pressure directly on the price chart. It evaluates candle sequences, body size, and nearby pivots to mark bullish and bearish conditions, with S* labels identifying especially large signal bodies relative to the preceding three candles. Optional abbreviated labels keep the chart readable while you compare each pattern with nearby swings and price zones.

How to Trade with Engulfing Pattern?

1. Bullish and bearish markers: compare labels below or above candles with nearby support, resistance, and the preceding move.

2. S* labels: read these as a body-strength condition—the signal body is at least as large as the combined bodies of the previous three candles under the script’s rules.

3. Confirmation: assess the completed candle and surrounding structure before incorporating the pattern into an entry plan.

Engulfing Pattern Settings

1. Length: default 3 for the pivot reference.

2. Shortname: replace Engulfing with En.

Frequently Asked Questions

What does S* mean?

The signal candle body is at least as large as the combined bodies of the previous three candles under the tool’s rules.

Is there an automatic volume filter?

This tool primarily uses price and candle conditions. Use separate tools if you want additional volume or multi-timeframe confirmation.

How do I access Engulfing Pattern?

Request access from AlgoPrime and provide your TradingView username. Once permission is granted, open the corresponding script and add it to your chart.

Request TradingView Access

View Engulfing Pattern [AlgoPrime] on TradingView