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What is Engulfing Pattern Screener in Pine Script about?

This Pine script creates an indicator to identify and plot engulfing candlestick patterns on a chart. It takes a lookback parameter and detects bullish and bearish engulfing patterns based on the open, close, high and low prices of the current and previous bar. When a pattern is found, it plots a labeled shape on the chart below or above the bar in green or red to represent bullish and bearish patterns respectively.

Author

Ketul Shah

Language

EN