`//@version=4
//inspired by HPotter Bullish and Bearish Engulfing scripts
study(title = “Engulfing Candles Detector”, overlay = true)
// bullish engulfing
bullishEngulfing = open[1] > close[1] ? close > open ? close >= high [1] ? close[1] >= open ? close – open > open[1] – close[1] ? color.blue :na :na : na : na : na
barcolor(bullishEngulfing)
// bearish engulfing
bearishEngulfing = close[1] > open[1] ? open > close ? close < low [1] ? open[1] >= close ? open – close > close[1] – open[1] ? color.purple :na :na : na : na : na
barcolor(bearishEngulfing)
alertcondition( bullishEngulfing != na , title = “Bullish Engulfing”, message = “[CurrencyPair] [TimeFrame], Bullish candle engulfing previous candle”)
alertcondition( bearishEngulfing != na , title = “Bearish Engulfing”, message = “[CurrencyPair] [TimeFrame], Bearish candle engulfing previous candle”)`
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