OPEN-SOURCE SCRIPT
Advanced Marubozu Detector
Advanced Marubozu Detector
This indicator identifies bullish and bearish Marubozu candles based on specific conditions:
Bullish Marubozu: Detected when the candle's body is completely green without upper or lower shadows, and it closes higher than the high of the previous candle.
Bearish Marubozu: Detected when the candle's body is completely red without upper or lower shadows, and it closes lower than the low of the previous candle.
The indicator plots a green arrow below the bullish Marubozu and a red arrow above the bearish Marubozu directly on the chart, making it easy to spot these patterns in any time frame.
Designed by : Morteza Bakhshi
This indicator identifies bullish and bearish Marubozu candles based on specific conditions:
Bullish Marubozu: Detected when the candle's body is completely green without upper or lower shadows, and it closes higher than the high of the previous candle.
Bearish Marubozu: Detected when the candle's body is completely red without upper or lower shadows, and it closes lower than the low of the previous candle.
The indicator plots a green arrow below the bullish Marubozu and a red arrow above the bearish Marubozu directly on the chart, making it easy to spot these patterns in any time frame.
Designed by : Morteza Bakhshi
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.