Was checking something else and came up with this indi for engulfing candles. Use periods to indicate how many candles back you want to check, depth of engulf (min 1=engulf of previous candle, max 5=engulf of previous 5 candles), period to re-check for engulfing patterns - either use something high to reduce cpu burn, or if you add an alert later for the live candle you can have it check every 1-15 min for example (on the hourly or 4 hourly chart). Not going to add alerts or anything else, code is here you can do it.
Depth = 1:
Depth = 3:
Depth = 4:
Depth = 1:
Depth = 3:
Depth = 4:
Attached File(s)
EngulfArrows.ex4
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EngulfArrows.mq4
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