INVITE-ONLY SCRIPT

[astropark] Engulfing that matters

Updated

Dear Followers,

today a new Price Action Tool, the "Engulfing that matters".

Everybody knows the importance of engulfing to find

supply and demand zones
market makers' actions
trend switching in short-term and mid-term future

They can be both bullish or bearish, but the real problem is that not all, but only a few engulfing matters! And this tool will filter them for you.

This indicator works

on every timeframe (eg. 5m, 15m, 30m, 1h, 2h, 4h, 6h, 1D, ...)
on cryptocurrencies (eg. XBTUSD, ETHUSD, ETHBTC, both USDT and BTC markets, ...)
on forex (eg. EURUSD, GPBUSD, JPYUSD, ...)
on stocks (eg. AMZN, FB, TSLA, GOOG, NFLX, ...)
on commodities (eg. GOLD, SILVER, OIL, ...)

This indicator has following options:

edit filter based on fixed or percentage volatility change
edit filter based on candle value size
show a suggestion of possible entries and stoploss

You can enhance your trading by using it together with my Breaker Blocks (BB) and Supply/Demand Order Blocks (OB) indicator, so you can easily spot important points where to start a short or a long trade.

Here my Breaker Blocks (BB) and Supply/Demand Order Blocks (OB) indicator

[astropark] Breaker Blocks, Supply Demand Order Blocks

Here below some examples on how to use the indicator.

BTCUSDT 1D

ETHUSDT 1h

BNBBTC 4h

EURUSD 30m

GBPUSD 5m

TSLA 1D

FB 4h

XAUUSD 4h

XAGUSD 15m

Brent Oil 1D

Here below an example of suggested entries on stoploss

Release Notes

small bug fix.

Be sure to edit both fixed and percentage volatility options in order to have a correct filter on your chart and timeframe.

You can enhance your trading by using it together with my "Pinbar that matters" indicator

This is a premium indicator, so send me a private message in order to get access to this script.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact astropark for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.

Author's instructions

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Want to use this script on a chart?

Warning: please read before requesting access.

astropark

I'm a software engineer, passionate for trading & developing trading tools & bots! Feel free to DM me & checkout my work: bit.ly/astroparktrading

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.