OPEN-SOURCE SCRIPT
Engulfing with Trend
The script above is a trading strategy with rules based on the Engulfing candlestick pattern within the context of the trend. Some key elements of this script include:
1. ATR (Average True Range) settings to measure market volatility.
2. Supertrend settings to identify the market trend.
3. Conditions for determining uptrend and downtrend.
4. Determination of Bullish (Engulfing pattern during uptrend) and Bearish (Engulfing pattern during downtrend).
5. Calculation of Stop Loss (SL) and Take Profit (TP) levels based on the Engulfing pattern.
6. Entry conditions based on the Engulfing pattern and the corresponding trend.
7. Exit conditions based on price crossovers with SL and TP levels.
8. Plotting of the Engulfing patterns on the chart.
This strategy is used to identify trading opportunities based on Engulfing candlestick patterns that align with the direction of the market trend. Additionally, stop loss and take profit levels are calculated based on the Engulfing pattern, and trading signals are displayed on the chart.
It's important to note that this script can be customized according to your trading preferences and strategy.
1. ATR (Average True Range) settings to measure market volatility.
2. Supertrend settings to identify the market trend.
3. Conditions for determining uptrend and downtrend.
4. Determination of Bullish (Engulfing pattern during uptrend) and Bearish (Engulfing pattern during downtrend).
5. Calculation of Stop Loss (SL) and Take Profit (TP) levels based on the Engulfing pattern.
6. Entry conditions based on the Engulfing pattern and the corresponding trend.
7. Exit conditions based on price crossovers with SL and TP levels.
8. Plotting of the Engulfing patterns on the chart.
This strategy is used to identify trading opportunities based on Engulfing candlestick patterns that align with the direction of the market trend. Additionally, stop loss and take profit levels are calculated based on the Engulfing pattern, and trading signals are displayed on the chart.
It's important to note that this script can be customized according to your trading preferences and strategy.
开源脚本
本着真正的TradingView精神，此脚本的作者已将其开源，以便交易者可以理解和验证它。向作者致敬！您可以免费使用它，但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。
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免责声明
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