Marubozus are an interesting candle pattern wherein the close and open of the candle are also the high / low points of the candle. In other words, a candle with no shadows or wicks.
How reliable are they, though? Probably not very reliable on their own. It may also depend on the size of the candle. You would probably want to incorporate this candle pattern with other filters, like RSI, MACD, to filter trade opportunities.
THIS IS GREAT.. it is showing a full marubozu type.. i hope you ca update it to also show opening marubozu type (bullish no tail bottom with small tail top, bearish no tail top small tail bottom) and closing marubozu type (bullish small tail bottom no tail top, bearish small taill top no tail bottom)....
Cinque_Agosto
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Thanks a lot sir
GarethSA
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Hi About yor, No Shadow Candles - Alerts
I have loaded script etc but does not show up on my chart?