JF Engulfing Candle Indicator
MT5 Pattern TradingFree DownloadThe JF Engulfing Candle Indicator is an accurate tool for spotting engulfing patterns on charts. Very often, when an engulfing candle appears, it is a sign of a trend reversal, which you can take advantage of. The gauge displays buy/sell arrows when a signal happens.
How to apply the JF engulfing candle pattern?
As the name suggests, an engulfing pattern takes place when one candle completely covers the previous candle. You can detect these patterns manually, or you can have an automatic tool that does the job for you. Here comes in handy the JF Engulfing indicator for MetaTrader 5. That pattern can occur both in the direction of a general trend (trade with the trend) or against it (reversal trade).
Example charts
Check charts of the JF Engulfing Candle Indicator in action.
Settings
These are available settings.
