Engulfing Candles Alert - Multi Symbol

The Engulfing Candles Alert - Multi Symbol indicator identifies bullish and bearish engulfing patterns across multiple tickers, allowing traders to monitor up to eight different assets simultaneously for price action signals.

Usage

The indicator is primarily designed for multi-asset monitoring and automated alerting. Users can visualize engulfing patterns on the current chart through triangle shapes—green triangles below the bar for bullish engulfing and red triangles above the bar for bearish engulfing.

To set up multi-symbol alerts:

1. Add the indicator to your chart.
2. Open the settings and select the symbols you wish to monitor.
3. Toggle the bullish or bearish alert filters according to your preference.
4. Create a TradingView alert using the indicator; the script will trigger notifications for any of the selected symbols when an engulfing candle closes.

Details

The script utilizes the request.security() function to fetch open and close data for the external symbols. An engulfing pattern is defined based on the relationship between the current candle's body and the previous candle's body:

• Bullish Engulfing: Occurs when the current open is less than or equal to the previous close, the current open is lower than the previous open, and the current close is higher than the previous open.
• Bearish Engulfing: Occurs when the current open is greater than or equal to the previous close, the current open is higher than the previous open, and the current close is lower than the previous open.

Settings

Symbols

• Symbol 1-8: Toggle checkboxes to enable monitoring for specific slots and use the symbol search to select the desired assets.

Alerts

• Bullish alert: Enables or disables detection and alerting for bullish engulfing patterns.
• Bearish alert: Enables or disables detection and alerting for bearish engulfing patterns.

FAQ

How do I access Engulfing Candles Alert - Multi Symbol?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

How many symbols can I monitor at once?

The indicator supports monitoring up to eight different symbols simultaneously for engulfing patterns.

Do I need to keep the indicator on the chart for the alerts to work?

Once a TradingView alert is successfully created using the indicator's "Any alert() function call" condition, the alert runs on the server. However, it is generally recommended to keep the script on a chart if you wish to see the visual confirmations.