Whether you are a scalper or daily trader, you will always look for bullish / bearish engulfing candles. This can be a bit tricky and stressful when you try to visually identify the engulfing candles on the chart. Not only that, you might be trading on the M15 time frame but the engulfing candle is forming or has already formed in the H4 time frame. This indicator is made to do that on your behalf.
You can trade on any time frame and see Engulfing candles of another time frame, this means that you can choose up to 4 time frames to see their engulfing candles on a chart of a different time frame.
The indicator is available for both MT4 and MT5.
I integrated the supply and demand indicator in this indicator so that it will only show the engulfing candles when the supply or demand option is active.
Chart time frame is H4 and we can see the engulfing candles formed in H1.
The settings I use in this indicator are as follows: