//@version=5 indicator("Engulfing - Bullish", shorttitle = "Engulfing - Bull TTP", overlay=true) C_DownTrend = true C_UpTrend = true var trendRule1 = "SMA50" var trendRule2 = "SMA50, SMA200" var trendRule = input.string(trendRule1, "Detect Trend Based On", options=[trendRule1, trendRule2, "No detection"]) if trendRule == trendRule1 priceAvg = ta.sma(close, 50) C_DownTrend := close < priceAvg C_UpTrend := close > priceAvg if trendRule == trendRule2 sma200 = ta.sma(close, 200) sma50 = ta.sma(close, 50) C_DownTrend := close < sma50 and sma50 < sma200 C_UpTrend := close > sma50 and sma50 > sma200 C_Len = 14 // ta.ema depth for bodyAvg C_ShadowPercent = 5.0 // size of shadows C_ShadowEqualsPercent = 100.0 C_DojiBodyPercent = 5.0 C_Factor = 2.0 // shows the number of times the shadow dominates the candlestick body C_BodyHi = math.max(close, open) C_BodyLo = math.min(close, open) C_Body = C_BodyHi - C_BodyLo C_BodyAvg = ta.ema(C_Body, C_Len) C_SmallBody = C_Body < C_BodyAvg C_LongBody = C_Body > C_BodyAvg C_UpShadow = high - C_BodyHi C_DnShadow = C_BodyLo - low C_HasUpShadow = C_UpShadow > C_ShadowPercent / 100 * C_Body C_HasDnShadow = C_DnShadow > C_ShadowPercent / 100 * C_Body C_WhiteBody = open < close C_BlackBody = open > close C_Range = high-low C_IsInsideBar = C_BodyHi[1] > C_BodyHi and C_BodyLo[1] < C_BodyLo C_BodyMiddle = C_Body / 2 + C_BodyLo C_ShadowEquals = C_UpShadow == C_DnShadow or (math.abs(C_UpShadow - C_DnShadow) / C_DnShadow * 100) < C_ShadowEqualsPercent and (math.abs(C_DnShadow - C_UpShadow) / C_UpShadow * 100) < C_ShadowEqualsPercent C_IsDojiBody = C_Range > 0 and C_Body <= C_Range * C_DojiBodyPercent / 100 C_Doji = C_IsDojiBody and C_ShadowEquals patternLabelPosLow = low - (ta.atr(30) * 0.6) patternLabelPosHigh = high + (ta.atr(30) * 0.6) label_color_bullish = input(color.blue, "Label Color Bullish") C_EngulfingBullishNumberOfCandles = 2 C_EngulfingBullish = C_DownTrend and C_WhiteBody and C_LongBody and C_BlackBody[1] and C_SmallBody[1] and close >= open[1] and open <= close[1] and ( close > open[1] or open < close[1] ) alertcondition(C_EngulfingBullish, title = "New pattern detected", message = "New Engulfing – Bullish pattern detected") // if C_EngulfingBullish // var ttBullishEngulfing = "Engulfing\nAt the end of a given downward trend, there will most likely be a reversal pattern. To distinguish the first day, this candlestick pattern uses a small body, followed by a day where the candle body fully overtakes the body from the day before, and closes in the trend’s opposite direction. Although similar to the outside reversal chart pattern, it is not essential for this pattern to completely overtake the range (high to low), rather only the open and the close." // label.new(bar_index, patternLabelPosLow, text="BE", style=label.style_label_up, color = label_color_bullish, textcolor=color.white, tooltip = ttBullishEngulfing) // bgcolor(ta.highest(C_EngulfingBullish?1:0, C_EngulfingBullishNumberOfCandles)!=0 ? color.new(color.blue, 90) : na, offset=-(C_EngulfingBullishNumberOfCandles-1)) plot(C_EngulfingBullish ? 1 : 0, "Engulfing bullish", display = display.data_window)