The engulfing candle screener is looks for engulfing candles and produces a SELL or BUY signal if a engulfing candle is detected.
A engulfing candle is defined as one candle that engulfs the previous one. The screener can be configured to specify each of the characteristics of the engulfing candle and the engulfed candle.
In summary, an engulfing pattern may have the following characteristics:
 It is the composition two candles C1 and C2.
 C1 body is bigger than C2 body or;
 C1 range (HighLow) is greater than C2 range (HighLow)
 C1 sentiment is different than C2’s sentiment
As an example:
This screener will look for this pattern, as soon as a session closes.
Engulfing pattern recognition parameters
Because you can have multiple of ways to define what is the engulfing pattern, you can configure the screener to look for characteristics of each of the candles in the composition of two candles.
You can define how the wicks and bodies look like when analysing the pattern and you can specify if you want the engulfing candle to conform the Big Shadow concept, as defined inWalter Peters Ph.D. book Naked Forex.
Like the Wick Screener, this is also divided into two subscreeners. One of the subscreeners will look for Bearish engulfing and the other subscreener is looking for Bullish engulfing patterns.
General Engulfing Screener
Parameter Name  Parameter Type  Description  Default value/allowed values 
engulfing_screener_enabled  bool  Whether this screener is enabled or not  Default value: false Allowed values:

engulfing_screener_shadow_enabled  bool  Whether the screener should look for formations where High C1 > High C2 and Low C1 < Low C2  Default value: false
Allowed values:

Bullish Engulfing Pattern SubScreener
Because this is a pattern with two candles, for this subscreen you need to configure the characteristics of each of the candles C1 and C2
Bullish Engulfing Candles
Parameter Name  Parameter Type  Description  Default value/allowed values 
C1 Bullish Wicks  
first_bullish_min_bulish_relative_wick  float  A number between 0.0 and 1.0 that represents the minimum size of bullish wick, relative to C1 candle  0.0 to 1.0 
first_bullish_max_bulish_relative_wick  float  A number between 0.0 and 1.0 that represents the maximum size of bulish wick, relative to C1 candle  0.0 to 1.0 
C1 Bearish Wicks  
first_bullish_min_bearish_relative_wick  float  a number between 0.0 and 1.0 that represents the minimum size of bearish wick, relative to C1 candle  0.0 to 1.0 
first_bullish_max_bearish_relative_wick  float  a number between 0.0 and 1.0 that represents the maximum size of bearish wick, relative to C1 candle  0.0 to 1.0 
C1 Body  
first_bullish_min_relative_body  float  A number between 0.0 and 1.0 that represents the minimum size of the C1 candle’s body relative to its total range  0.0 to 1.0 
first_bullish_max_relative_body  flaot  A number between 0.0 and 1.0 that represents the maximum size of the C1 candle’s body relative to its total range  0.0 to 1.0 
C2 Bullish Wicks  
second_bullish_min_bulish_relative_wick  float  A number between 0.0 and 1.0 that represents the minimum size of bulish wick, relative to C2 candle  0.0 to 1.0 
second_bullish_max_bulish_relative_wick  float  A number between 0.0 and 1.0 that represents the maximum size of bulish wick, relative to C2 candle  0.0 to 1.0 
C2 Bearish Wicks  
second_bullish_min_bearish_relative_wick  float  a number between 0.0 and 1.0 that represents the minimum size of bearish wick, relative to C2 candle  0.0 to 1.0 
second_bullish_max_bearish_relative_wick  float  a number between 0.0 and 1.0 that represents the maximum size of bearish wick, relative to C2 candle  0.0 to 1.0 
C2 Body  
second_bullish_min_relative_body  float  A number between 0.0 and 1.0 that represents the minimum size of the C2 candle’s body relative to its total range  0.0 to 1.0 
second_bullish_max_relative_body  float  A number between 0.0 and 1.0 that represents the maximum size of the C2 candle’s body relative to its total range  0.0 to 1.0 
Examples of Bullish Signals:
Bearish Engulfing Candles
Parameter Name  Parameter Type  Description  Default value/allowed values 
C1 Bullish Wicks  
first_bearish_min_bulish_relative_wick  float  A number between 0.0 and 1.0 that represents the minimum size of bullish wick, relative to C1 candle  0.0 to 1.0 
first_bearish_max_bulish_relative_wick  float  A number between 0.0 and 1.0 that represents the maximum size of bulish wick, relative to C1 candle  0.0 to 1.0 
C1 Bearish Wicks  
first_bearish_min_bearish_relative_wick  float  a number between 0.0 and 1.0 that represents the minimum size of bearish wick, relative to C1 candle  0.0 to 1.0 
first_bearish_max_bearish_relative_wick  float  a number between 0.0 and 1.0 that represents the maximum size of bearish wick, relative to C1 candle  0.0 to 1.0 
C1 Body  
first_bearish_min_relative_body  float  A number between 0.0 and 1.0 that represents the minimum size of the C1 candle’s body relative to its total range  0.0 to 1.0 
first_bearish_max_relative_body  flaot  A number between 0.0 and 1.0 that represents the maximum size of the C1 candle’s body relative to its total range  0.0 to 1.0 
C2 Bullish Wicks  
second_bearish_min_bulish_relative_wick  float  A number between 0.0 and 1.0 that represents the minimum size of bullish wick, relative to C2 candle  0.0 to 1.0 
second_bearish_max_bulish_relative_wick  float  A number between 0.0 and 1.0 that represents the maximum size of bullish wick, relative to C2 candle  0.0 to 1.0 
C2 Bearish Wicks  
second_bearish_min_bearish_relative_wick  float  a number between 0.0 and 1.0 that represents the minimum size of bearish wick, relative to C2 candle  0.0 to 1.0 
second_bearish_max_bearish_relative_wick  float  a number between 0.0 and 1.0 that represents the maximum size of bearish wick, relative to C2 candle  0.0 to 1.0 
C2 Body  
second_bearish_min_relative_body  float  A number between 0.0 and 1.0 that represents the minimum size of the C2 candle’s body relative to its total range  0.0 to 1.0 
second_bearish_max_relative_body  float  A number between 0.0 and 1.0 that represents the maximum size of the C2 candle’s body relative to its total range  0.0 to 1.0 
Examples of Bearish Signals
Leave you comments, inquiries, feedback and question in the form bellow.