Accurate Weapon - The Engulfing Pattern Hunter

"Spot the reversal before it happens - strike with precision!"

Indicator Overview

The Accurate Weapon indicator is a powerful MT4 tool designed to detect bullish and bearish engulfing candlestick patterns, which are strong reversal signals in technical analysis. It provides visual alerts (arrows) and multiple notification options to help traders capitalize on these high-probability setups.

How It Works

The indicator scans for two key patterns:

Bullish Engulfing (Aqua arrow ↓)

Current candle closes higher than it opens (green)

Previous candle closes lower than it opens (red)

Current candle's body completely "engulfs" previous candle's body

Bearish Engulfing (Violet arrow ↑)

Current candle closes lower than it opens (red)

Previous candle closes higher than it opens (green)

Current candle's body completely "engulfs" previous candle's body

Key Features:

Dynamic arrow placement based on recent volatility (3-bar average range)

Multiple alert options (popup, email, push, sound)

Customizable pattern detection

Indicator Settings

Pattern Detection

ParameterDescription

Use_BullEngulfingEnable/disable bullish pattern detection

Use_BearEngulfingEnable/disable bearish pattern detection

Alert Configuration

ParameterDescription

AlertCandleWhich candle triggers alerts (0=current)

PopupAlertsShow popup alerts

EmailAlertsSend email alerts

PushNotificationAlertsSend mobile notifications

SoundAlertsPlay sound alerts

SoundFileLong/SoundFileShortCustom alert sounds

Trading Strategy

Best Usage:

Works best at key support/resistance levels

Ideal for all timeframes (M15-D1)

Combines well with RSI/MACD for confirmation

Entry/Exit:

Enter long when bullish engulfing appears at support

Enter short when bearish engulfing appears at resistance

Place stops below/above the engulfing candle

Risk Management:

Use 1:2 or 1:3 risk-reward ratio

Avoid trading during news events

Final Thoughts

The Accurate Weapon indicator transforms classic candlestick analysis into actionable trading signals. By focusing on high-probability engulfing patterns, it helps traders:

✅ Catch early reversals

✅ Avoid false breakouts

✅ Trade with clear risk parameters

🔥 Trade the patterns - not the noise! 🔥

(Note: Works on all currency pairs and timeframes. For best results, combine with trend analysis.)