StO Price Action - Engulfing Types

Short Summary

- Multi-timeframe engulfing level indicator
- Supports up to 2 independently configurable timeframes
- Visualizes engulfing-based levels instead of candles or symbols
- Multiple engulfing pattern types and strength variants selectable
- Designed for structural breakout, reaction, and retest analysis

Full Description

Overview

- Identifies and visualizes engulfing-based price levels
- Focuses on where significant engulfing events occurred
- Levels are extended visually to highlight potential reaction zones
- Intended for structural price action and level-based trading

Engulfing Types

- Two main engulfing structures are supported
- Each type supports multiple strength variants:
- Type 1-v1:
- Basic engulfing pattern
- Captures frequent market reactions
- Type 1-v2:
- Stronger move with extended confirmation
- Filters weaker engulfing cases
- Type 2-1CS:
- One candle separation before engulfing
- Indicates short-term buildup before expansion
- Type 2-2CS:
- Two candle separation before engulfing
- Indicates stronger accumulation or distribution

Timeframe Configuration

- Up to 2 timeframes configurable independently
- Each timeframe supports:
- Enable / disable visualization
- Timeframe selection from intraday to monthly
- Independent long and short colors
- Line style selection (solid, dashed, dotted)
- Adjustable level length for visual extension

Visualization

- Engulfing events are visualized as adjustable lines
- Levels represent the relevant price reference of the engulfing structure
- Designed to remain visible for retests and reactions
- Clean, non-intrusive visualization focused on structure

Usage

- Useful for identifying potential support and resistance derived from engulfing behavior
- Helps track where aggressive buying or selling entered the market
- Suitable for breakout, pullback and continuation analysis
- Works across multiple timeframes for confluence

Notes

- Level-based visualization only
- Effectiveness depends on selected engulfing types and timeframes
- Best used in combination with market structure or higher-timeframe context