Engulfing Candlestick Pattern spotter!

This Engulfing Candlestick Pattern Spotter indicator is a very easy way to spot the engulfing candle sticks on the chart. The bullish and bearish candlesticks can be fully customized as per your liking, the default colors for the Bearish is set to Orange Red and for the Bullish is set to Blue.

Once you download the zipfile kindly extract the .algo folder, and it will be installed on your Ctrader platform.

When it comes to settings in order to get the candles filled in proportion kindly pay attention to the parameter of the Rectangle Size Multiplier:

• For the M15 timeframe use the size multiplier 10
• For the M30 timeframe use the size multiplier 20
• For the H1 timeframe use the size multiplier 30
• For the H4 timeframe use the size multiplier 120

For other time frames, you can play around with the multiplier.

You can download the indicator from the site 

Engulfing Candlestick Pattern Spotter DOWNLOAD

Also you can check the setup from here.

Thank you.