Engulfing Pattern
The engulfing candlestick pattern is a significant technical analysis signal that often indicates a potential reversal in the prevailing market trend. This pattern is formed by two consecutive candlesticks, where the body of the second candle completely engulfs the body of the preceding one. There are two types of engulfing patterns: bullish engulfing and bearish engulfing.
- Bullish Engulfing Pattern:
- Formation: The first candle in this pattern is typically a smaller bearish (downward) candle, followed by a larger bullish (upward) candle whose body completely engulfs the previous bearish candle.
- Implication: The bullish engulfing pattern suggests a potential reversal from a downtrend to an uptrend. It indicates that buyers have overwhelmed sellers, leading to increased buying interest.
- Bearish Engulfing Pattern:
- Formation: In contrast, the bearish engulfing pattern begins with a smaller bullish (upward) candle, followed by a larger bearish (downward) candle that completely engulfs the prior bullish candle.
- Implication: The bearish engulfing pattern signals a potential reversal from an uptrend to a downtrend. It suggests that sellers have gained control, overpowering the buyers and indicating a shift in market sentiment.
Get started with the engulfing
Simply make an HTTPS [GET] request or call in your browser:
[GET] https://api.taapi.io/engulfing?secret=MY_SECRET&exchange=binance&symbol=BTC/USDT&interval=1h
API response
The engulfing
endpoint returns a JSON response like this:
{
value: "100" // engulfing pattern found at this candle
}
// OR
{
value: "-100" // engulfing bearish variation (if applicable) found at this candle (not all patterns have bearish variations)
}
// OR
{
value: "0" // engulfing pattern NOT found at this candle
}
Example responses from TAAPI.IO when querying engulfing endpoint.
API parameters
binance
, binancefutures
or one of our supported exchanges. For other crypto / stock exchanges, please refer to our Client or Manual integration methods.
BTC/USDT
Bitcoin to Tether, or LTC/BTC
Litecoin to Bitcoin...
1m
, 5m
, 15m
, 30m
, 1h
, 2h
, 4h
, 12h
, 1d
, 1w
. So if you're interested in values on hourly candles, use interval=1h
, for daily values use interval=1d
, etc.
backtrack
parameter removes candles from the data set and calculates the engulfing value X amount of candles back. So, if you are fetching the engulfing on the hourly and you want to know what the engulfing was 5 hours ago, set backtrack=5
. The default is 0
.
chart
parameter accepts one of two values: candles
or heikinashi
. candles
is the default, but if you set this to heikinashi
, the indicator values will be calculated using Heikin Ashi candles. Note: Pro & Expert Plans only.
true
or false
. Defaults to false
. By setting to true
the API will return a timestamp with every result (real-time and backtracked) to which candle the value corresponds. This is especially helpful when requesting a series of historical values using the results
parameter.
1685577600
1731456000
If you only use fromTimestamp, the API will return all results from that time until present.
true
or false
. Defaults to true
. By setting to false
, the API will ensure that there are no candles missing. This often happens on lower timeframes in thin markets. Gaps will be filled by a new candle with 0 volume, and OHLC set the the close price of the latest candle with volume.
number
or max
. Use this parameter to access historical values on the past X candles until the most recent candle. Use max
to return all available historical values. Returns an array with the oldest value on top and most recent value returned the last.
More examples
Let's say you want to know the engulfing
value on the last closed candle on the 30m
timeframe. You are not interest in the real-time value, so you use the backtrack=1
optional parameter to go back 1 candle in history to the last closed candle.
[GET] https://api.taapi.io/engulfing?secret=MY_SECRET&exchange=binance&symbol=BTC/USDT&interval=30m&backtrack=1
Get engulfing values on each of the past X candles in one call
Let's say you want to know what the engulfing
daily value was each day for the previous 10 days. You can get this returned by our API easily and efficiently in one call using the results=10
parameter:
[GET] https://api.taapi.io/engulfing?secret=MY_SECRET&exchange=binance&symbol=BTC/USDT&interval=1d&results=10
Here's the example response:
{
"value": [
0,
0,
0,
100, // <-- Pattern found at this candle
0,
0,
-100, // <-- Bearish variation pattern found at this candle
0,
0,
0 // <-- Most recent value
]
}