OPEN-SOURCE SCRIPT

Multi Candle Engulfing Detector

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🔍 Multi Candle Engulfing Detector
This indicator identifies powerful engulfing candles that consume three or more previous candles — a signal often tied to strong market reversals or continuation moves.

🧠 Features
Detects candles that fully engulf the previous 3 or more candles

Optional filtering: only trigger when the engulfed candles are of the opposite color

Customizable engulf count for greater pattern control

Clear bullish and bearish signal labels on the chart

Alerts integrated: get notified the moment a setup forms

Background highlighting for enhanced visibility

⚙️ Settings
Minimum Number of Candles to Engulf: Default is 3, but can be adjusted

Require Opposite Color: When enabled, the engulfing candle must be opposite in color to the engulfed ones (e.g., green engulfing red)

📈 Use Cases
Spot strong reversal signals at tops and bottoms

Confirm breakout momentum on trend continuation

Use in confluence with other tools like volume or support/resistance

🚨 Alerts
Alerts fire when a bullish or bearish engulfing pattern is detected, allowing for mobile, email, or webhook notifications.

✅ Notes
This script is fully customizable and can be extended into a strategy or scanning tool. Feedback and suggestions are always welcome!

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