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Description
The REA_EngulfingArrow indicator will be useful for traders, whose trade is based on the use of candle analysis.
It detects on a chart the candle patterns "Engulfing" and, depending on the nature of the figures (bullish or bearish), gives a signal with a green arrow in the case of Bullish and a red arrow in the case of Bearish.
View all our tool in our website: https://www.reavolution.com/en/category/strumenti/
Functionality
- Arrow at buy or sell condition
Parameters
- How Many break out bars? : Number of broken candles needed to confirm our area and change color.
- Breakout Up Color: Choose the color you prefer for the Up arrow.
- Breakout Down Color: Choose the color you prefer for the Down arrow.
The author decided to hide the source code.
REAVOLUTION
Joined on 18.11.2022
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: REA_Engulfing_Arrow.algo
- Rating: 0
- Installs: 166
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