The Directional Engulfing Signal Indicator for MetaTrader 4 identifies potential buy and sell opportunities based on directional engulfing patterns over a user-defined lookback period. It plots blue up arrows for bullish signals and red down arrows for bearish signals, using a robust algorithm that analyzes price action metrics such as candle body size and wick proportions. The indicator features customizable parameters for lookback candles, arrow size, and offset, making it adaptable to various trading strategies and instruments. A chart label displays a customizable text for branding or reference. Optimized for performance and compatibility, this indicator is ideal for traders seeking clear, visual trend reversal signals.
Directional Engulfing Signal Indicator
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