The bullish Engulfing is a pattern of two candlesticks. The first is a red bearish candlestick which is followed by a long green bullish candlestick. This one must have a body that encloses the previous one. When the bullish Engulfing forms in a bearish trend it indicates a change in market psychology and thus marks a probability of a bullish reversal. A rise in volumes on the second candlestick will give more strength to the signal, as will a second candlestick that encloses the first candle wicks inclusive.
On the opposite, the bearish Engulfing is a pattern of two candlesticks. The first is a green bullish candlestick which is followed by a long red bearish candlestick. This one must have a body that encloses the previous one. When the bearish Engulfing forms in an bullish trend it indicates a change in market psychology and thus marks a probability of a bearish reversal. A rise in volumes on the second candlestick will give more strength to the signal, as will a second candle that encloses the first candle wicks inclusive.
The Engulfings pack includes all of our tools dedicated to the Enguflings :
The indicator points the pattern detected by the screeners.
All TF screener scans the stock market to find Engulfings.
The Intraday multi timeframe screener scans the market for Engulfings simultaneously up to 8 timeframes (1min, 2 min, 5 min, 15 min, 30min, 1h, 2h, 4h) to detect all intradays Engulfings. Results are sorted according to whether the Engulfing found is bullish or bearish, and according to the timeframe in wich the Engulfing is detected.
For both screeners, a general filtering based on the stock price, as well as on the volume of exchanges, makes it possible to choose the desired level of liquidity.
Different parameters can be adjusted to return only the Engulfings that meet your own criteria. All these settings are made without modifying the code, in a very simple way in the "variables" menu of the screener and configuration menu for the indicator :
Adjustable validation criteria :
Available filters :
General filter (screeners only) :
Video user guide (english subtitles available) :
Details of available settings :
Disclaimer
Our proposed tools (indicators and screeners) are not investment advices but tools allowing everyone to find specific graphic configurations.
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.
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