Engulfing Line Bull

This formation consists of two candlesticks.

TThe first candlestick is black the second is white. The second candlestick's open is lower than the first but then closes higher then the first's open. The real body of the second candlestick engulfs that of the first. This indicates the bears tried to forced the market lower but failed.

Engulfing Line Bull

Parameters:

BarsBack BarsBack must be greater than MinBars.

The candlestick formation will be scanned this many bars back in the timeframe.

MinBars 1(Fixed)

The value of MinBars will be one less than the number of bars in the candlestick formation.