Marubozu

Description

Marubozu is a candlestick pattern which is a candle of specific shape: long and missing both shadows. The color of this candle can signify the further trend direction (bullish Marubozu anticipates the uptrend and bearish Marubozu is often seen before the downtrend).

Input Parameters

Parameter Description
length The number of bars used to calculate the average body height. If the body height of a candle exceeds this average, it is considered long.

Plots

Plot Description
Bearish The bearish Marubozu candlestick pattern.
Bullish The bullish Marubozu candlestick pattern.


For educational purposes only. Not a recommendation of a specific security or investment strategy.
Technical analysis is not recommended as a sole means of investment research.
Past performance of a security or strategy does not guarantee future results or success.