A simple indicator that marks FULL CANDLE engulfing candles...
current high > previous high
current low < previous low
bullish: close > open (triangle below)
bearish: close < open (triangle above)
A lot of the engulfing indicators available are body only. I created a FULL CANDLE indicator because that's what I prefer using.
Can be useful for spotting both reversal and continuation price action. Always have a complete trading plan and backtest it for yourself, engulfing candles in themselves to not guarantee a profit.
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