Is there any indicator that gives alert on an engulfing candle?

<p id="isPasted">Yes, there are indicators available on platforms like TradingView that can detect engulfing candlestick patterns and provide alerts. These indicators analyze the price action and identify instances where a bullish or bearish candle engulfs the previous candle, signaling potential trend reversals.&nbsp;</p><p>Here's how these indicators typically work:</p><p>Engulfing Pattern Detection:</p><p>The indicator identifies engulfing patterns by comparing the open, close, high, and low of consecutive candles.&nbsp;</p><p>Alerts:</p><p>Users can set up alerts to be notified when an engulfing pattern is detected. This can be done through the platform's alert system or by using a dedicated alert feature within the indicator.&nbsp;</p><p>Customization:</p><p>Some indicators allow for customization, such as adjusting the minimum size of the engulfing candle relative to the previous candle or filtering signals based on trend direction.&nbsp;</p><p>Visual Cues:</p><p>Many indicators also provide visual cues on the chart, highlighting the engulfing patterns with arrows or background colors.&nbsp;</p><p>Example:</p><p>One example is a custom Pine Script indicator on TradingView that detects Bullish and Bearish Engulfing patterns and provides alerts. It uses an ATR filter to ensure the engulfing candle is significant enough and allows users to customize the alert settings.&nbsp;</p>