The indicator of the “Absorption” candle pattern displays potential zones for trading. Often used for supply/demand and support/resistance strategies.

Variables

• Max Candles: the number of candles for the indicator to work.
• “0” – all chart candlesticks
• Engulfing Size: the size of the engulfing candle
• Personally, I use the value 2 or 3.
• The parameter is based on the size of the absorbing candle, namely, only the absorption that is X times larger than the smaller candle will be shown (a candle with a smaller body * The value of Engulfing Size)
• This parameter allows you to filter most of the small absorption patterns that occur on the chart
• Pips Approximation: Acceptable deviations for determining the pattern. Use a small value, no more than 1-2 pips
• The software does NOT AUTOMATICALLY determine the number of digits your broker has, so set this value by multiplying or dividing by 10, respectively

• “0” – all chart candlesticks

• Personally, I use the value 2 or 3.
• The parameter is based on the size of the absorbing candle, namely, only the absorption that is X times larger than the smaller candle will be shown (a candle with a smaller body * The value of Engulfing Size)
• This parameter allows you to filter most of the small absorption patterns that occur on the chart

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• The software does NOT AUTOMATICALLY determine the number of digits your broker has, so set this value by multiplying or dividing by 10, respectively

Block Colors

• Color Bullish Arrow / Zones – color of bullish arrows/zones
• Color Bearish Arrow/Zones – color of bearish arrows/zones

Enabling and disabling functions

• Enable Zones: enable the display of absorption zones
• Enable Arrows: enable the display of arrows above or below the absorbing candlesticks

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