A Marubozu is a Japanese candlestick pattern characterized by a full body with no upper or lower wicks in its classic form. It reflects strong buying or selling pressure during the period.
A bullish Marubozu forms when the opening price equals the low of the period and the closing price equals the high. Conversely, a bearish Marubozu opens at the high and closes at the low.
This pattern highlights strong buying or selling pressure. Depending on market conditions, it may accompany an acceleration of the current price movement.
The Marubozu Indicator identifies bullish and bearish Marubozu candlesticks directly on your ProRealTime charts. A green arrow appears below detected bullish candlesticks, while a red arrow appears above bearish candlesticks.
It allows you to visually spot these patterns without having to examine each candlestick manually.
Many parameters allow you to adapt the display to your own criteria. All settings can be adjusted directly from the indicator's “Configuration” menu in ProRealTime, without modifying the code.
To search the market for stocks showing a bullish or bearish Marubozu, use our Marubozu Screener.
Adjustable validation criteria:
Available filters:
Video presentation:
Details of available settings:
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Disclaimer
Our proposed tools (indicators and screeners) are not investment advices but tools allowing everyone to find specific graphic configurations. The automated trading systems offered have been developed and optimised using historical data; however, past performance is no guarantee of future results. Investing in the financial markets involves risks up to and including the total loss of capital. The user of the proposed tools understands and accepts that the use of these tools is under his sole and entire responsibility. P2C Trading declines all responsibility in the use of the tools and the consequences that would result.
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