• Detecting the Engulfing Pattern Using pandas-ta

    This post is part of the T4p Series. In the previous post, I discussed the Hammer Pattern. So far, we have been writing everything from scratch to detect a certain pattern. However, there’s an amazing library available that has done all the heavy lifting on our behalf and provides easy-to-use interfaces to detect patterns. I will be using the pandas-ta library for this purpose. For certain patterns, it relies on the TA-Lib library, a C++ library for technical analysis. What Is The Engulfing Pattern The Engulfing Pattern is a two-candle pattern that hints at a possible reversal in price direction. It consists of two candlesticks: Bullish Engulfing Pattern: This pattern shows up when prices…