From TradersList Editors
From TradersList Editors
Leverage clear 'Arrow' signals and manual rectangles to identify and capitalize on unique engulfing patterns in price action trading.
Leverage clear 'Arrow' signals and manual rectangles to identify and capitalize on unique engulfing patterns in price action trading.
Engulfing Pattern Plus One Indicator for MetaTrader: Two-Bar Engulfing Detection with Arrows
Engulfing Pattern Plus One Indicator for MetaTrader: Two-Bar Engulfing Detection with Arrows

by barabashkakvn on MetaTrader

by barabashkakvn on MetaTrader
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Engulfing Pattern Plus One
Engulfing Pattern Plus One
Engulfing Pattern Plus One is a free MetaTrader indicator that detects strong engulfing patterns by looking for bars engulfing previous two based on high and low prices. Visualized using arrows and rectangles on the chart.
Engulfing Pattern Plus One is a free MetaTrader indicator that detects strong engulfing patterns by looking for bars engulfing previous two based on high and low prices. Visualized using arrows and rectangles on the chart.

Get on MetaTrader
This indicator is available on MetaTrader charting platform. Signing up for a free account and downloading MetaTrader software is required.

Get on MetaTrader
This indicator is available on MetaTrader charting platform. Signing up for a free account and downloading MetaTrader software is required.
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Open Source
Listing has publically available source code that can be audited and modified as needed.
🔑
Open Source
Listing has publically available source code that can be audited and modified as needed.
💸
Free Access
All features of this listing are fully free to use with no pricing tiers. Simply start using.
💸
Free Access
All features of this listing are fully free to use with no pricing tiers. Simply start using.
Published by barabashkakvn on MetaTrader
Published by barabashkakvn on MetaTrader
Enhanced Engulfing Pattern Detection
Standard engulfing patterns require one candle to fully engulf the previous one. This indicator raises the bar by requiring the engulfing candle to cover the previous two bars based on high and low prices. This stricter criteria filters out weaker signals and highlights only the most decisive reversal candles.
Visual Identification With Arrows and Rectangles
When a qualifying pattern is detected, the indicator marks it with directional arrows and highlights the engulfing zone with a rectangle on the chart. Bullish engulfing patterns get upward arrows; bearish ones get downward arrows. This clear visual system lets traders spot setups instantly without scanning bar by bar.
Enhanced Engulfing Pattern Detection
Standard engulfing patterns require one candle to fully engulf the previous one. This indicator raises the bar by requiring the engulfing candle to cover the previous two bars based on high and low prices. This stricter criteria filters out weaker signals and highlights only the most decisive reversal candles.
Visual Identification With Arrows and Rectangles
When a qualifying pattern is detected, the indicator marks it with directional arrows and highlights the engulfing zone with a rectangle on the chart. Bullish engulfing patterns get upward arrows; bearish ones get downward arrows. This clear visual system lets traders spot setups instantly without scanning bar by bar.
Why Stronger Engulfing Patterns Matter
An engulfing candle that covers two prior bars shows significantly more force than one covering just a single bar. It means buyers (or sellers) overwhelmed two full periods of opposing activity in one move. This level of momentum is associated with higher follow-through rates and more reliable directional continuation.
Best Contexts for Engulfing Signals
These patterns are most effective at key support and resistance levels or after extended trends. A bullish engulfing "plus one" at a major support zone signals strong rejection and potential reversal. Traders often combine the signal with volume confirmation - an engulfing pattern on above-average volume adds further conviction.
Why Stronger Engulfing Patterns Matter
An engulfing candle that covers two prior bars shows significantly more force than one covering just a single bar. It means buyers (or sellers) overwhelmed two full periods of opposing activity in one move. This level of momentum is associated with higher follow-through rates and more reliable directional continuation.
Best Contexts for Engulfing Signals
These patterns are most effective at key support and resistance levels or after extended trends. A bullish engulfing "plus one" at a major support zone signals strong rejection and potential reversal. Traders often combine the signal with volume confirmation - an engulfing pattern on above-average volume adds further conviction.
Strong engulfing candles automated
Strong engulfing candles automated
This indicator detects enhanced engulfing patterns where a single candle completely covers the previous two bars based on high and low prices. This stricter criteria filters out weaker signals, highlighting only the most decisive reversal candles with visual arrows and rectangles.
This indicator detects enhanced engulfing patterns where a single candle completely covers the previous two bars based on high and low prices. This stricter criteria filters out weaker signals, highlighting only the most decisive reversal candles with visual arrows and rectangles.
Detect high-conviction engulfing setups
An engulfing candle covering two prior bars shows significantly more force than standard engulfings, indicating buyers or sellers overwhelmed two full periods of opposing activity.
Speed up price action scanning
Automatic detection with clear visual markers lets traders spot qualifying patterns instantly without manually checking every candle sequence on the chart.
Identify reaction zones
Strong engulfing patterns at support or resistance levels signal potential reversals. The highlighted zones serve as reference points for entry and stop placement.
Common Questions About Enhanced Engulfing Pattern Trading
Common Questions About Enhanced Engulfing Pattern Trading
Engulfing patterns with additional confirmation filters improve signal quality over basic engulfing candle detection. These questions address what makes engulfing patterns more reliable and how to trade them.
Engulfing patterns with additional confirmation filters improve signal quality over basic engulfing candle detection. These questions address what makes engulfing patterns more reliable and how to trade them.
What makes an engulfing pattern high probability versus low probability?
High probability engulfing patterns occur at significant support or resistance levels, show large body size relative to recent candles and have volume confirmation. Patterns in the middle of ranges or during low volatility periods carry less significance.
What is the plus one confirmation and why does it matter?
Plus one requires a follow-through candle after the engulfing pattern confirming direction. This filters out engulfing patterns that immediately fail. Waiting for confirmation sacrifices some entry price but significantly improves win rate.
Where should stops be placed on engulfing pattern trades?
Place stops beyond the engulfing candle extreme. For bullish engulfing, stop below the low of the pattern. This level represents where the pattern is invalidated. Tight stops may get hit by noise so allow for some buffer beyond the exact extreme.
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Web sentiment
Web sentiment
Traders feel cautious about Engulfing Pattern Plus One, with mixed views and skepticism due to concerns over authenticity, yet some appreciate its effective use in automated strategies.
Traders feel cautious about Engulfing Pattern Plus One, with mixed views and skepticism due to concerns over authenticity, yet some appreciate its effective use in automated strategies.
Source: Online Discussion
Source: Online Discussion
Source: Online Discussion
✍️
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TradersList Reviews (3)
TradersList Reviews (3)
TradersList Community has given this listing three stars, indicating decent trust and value for traders' toolkit. Make sure you understand functionality before using.
TradersList Community has given this listing three stars, indicating decent trust and value for traders' toolkit. Make sure you understand functionality before using.
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Source: TradersList Reviews
Source: TradersList Reviews

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KI_signals
🔑
KI_signals is a MetaTrader indicator that generates signals using the XMACD histogram by detecting changes in histogram and signal line directions and their intersections, displayed as colored candlesticks.
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TradersList
Discover trading edge
Join Telegram
Weekly listings
Join Telegram
Disclaimer
Our goal is to achieve greater transparency, guidance and safety in trading and investing by providing means to discover, research and discuss trading/investing related sites/services.
Content provided on this site is not financial advice, meant for educational purposes only. TradersList does not endorse or guarantee any result for listed sites/services. Do your own research.
Read full disclaimer
TradersList
Discover trading edge
Join Telegram
Disclaimer
Our goal is to achieve greater transparency, guidance and safety in trading and investing by providing means to discover, research and discuss trading/investing related sites/services.
Content provided on this site is not financial advice, meant for educational purposes only. TradersList does not endorse or guarantee any result for listed sites/services. Do your own research.
Read full disclaimer

