TsangYouJun

Marubozu Scanner v1

Some code for detecting the very rare occurrences of the Marubozu candle. This candle occurs when the High = Close, and Low = Open, or vice versa. They are continuation candles, so if you see a bullish Marubozu during an uptrend its possible that the uptrend will continue.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

How To Used This Scripts
+2 Reply
Suggestion
Abnormal candle lengths (below 1% range or above 10% range) should be ignored or flaged in different color
Reply
@ahmadt, how do you define “abnormal length”?
+1 Reply
Thx for it mate.
Reply
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