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Strong Engulfing Scan

Strong Engulfing Scan — MT5 indicator, supplied with source code and a compiled file. Source metadata: ID 3619: Strong Engulfing Scan; core Engulfing mapped to CANDLE/ENGULFING; visual-only custom indicator Declared inputs include: CatalogId, CalculationTimeframe, FastPeriod, SlowPeriod, SignalPeriod, ATRPeriod, LookbackPeriod, MaxBars, SignalThreshold, BandATRMultiplier, SessionStartHour, SessionEndHour, NotifyOnSignal. Description extracted from the supplied source metadata. Compilation compatibility, runtime behavior and trading results have not been independently verified.

Indicator · MT5 · v1.00 · Free

About Strong Engulfing Scan

Strong Engulfing Scan is an indicator for MetaTrader 5 based on MACD, RSI and Stochastic. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and marks candlestick patterns. It has 13 settings, such as Catalog id, Calculation timeframe and Fast period. MQL source code included.

Files in the download: Strong_Engulfing_Scan_MT5.mq5, Strong_Engulfing_Scan_MT5.ex5.

Settings

SettingDefaultWhat it does
Catalog id3619
Calculation timeframePERIOD_CURRENTPeriod or timeframe used by the calculation
Fast period8Period or timeframe used by the calculation
Slow period37Period or timeframe used by the calculation
Signal period6Period or timeframe used by the calculation
Atr period16Period or timeframe used by the calculation
Lookback period42Period or timeframe used by the calculation
Max bars1600
Signal threshold22.0
Band atr multiplier1.40How much the lot size grows after a loss
Session start hour0Hour when trading starts (server time)
Session end hour0Hour when trading stops (server time)
Notify on signalfalseTurn this alert on or off

How to install

  1. Download the ZIP from your PolyMaria library and unzip it.
  2. In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Indicators.
  3. Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
  4. Open the .mq5 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
  5. Drag the indicator from the Navigator onto a chart and adjust the settings.

Download the PDF guide

Tags: Candlestick Patterns · Buy/Sell Arrows · Alerts · MACD · RSI · Stochastic · MT5 Indicator · MQL5 Source Code

MetaTrader 4 & 5 indicators · PolyMaria