Engulfing RSI delivers MT5 candlestick-confirmed RSI signals for higher-probability trades

In this 2026 review we present a focused performance analysis of Engulfing RSI, an MT5 indicator that fuses classical candlestick pattern recognition with RSI momentum validation. The review and analysis include backtest snapshots and forward test results on EURUSD, GBPUSD, USDJPY and a selection of indices to evaluate signal quality, win rate variation, and average trade duration. Engulfing RSI is authored by Mykhailo Zakervashevych and priced at $30 on common marketplaces, offering accessible entry for traders who want a transparent, configurable indicator. What makes Engulfing RSI unique is the deliberate confluence of price structure and momentum. Rather than flagging every engulfing candle, the indicator checks RSI levels to confirm whether the market context supports a reversal. The algorithm scans candles for engulfing characteristics, then applies configurable RSI bounds and optional multi-timeframe confirmation rules. This reduces false positives common in isolation and produces a smaller set of actionable signals. The indicator performs best in trending markets that experience clear impulsive pullbacks and in range-bound conditions where RSI extremes coincide with strong candle rejections. Risk controls are intended to be set by the user and include suggested stop placement beyond recent swing points and position sizing based on volatility. Expected performance characteristics include moderate trade frequency, targetable reward-to-risk setups, and win rates that improve with multi-timeframe confirmation. Engulfing RSI is straightforward to pair with MT5 execution scripts or manual trade plans.