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Marubozu candle stick pattern

Last post 09-30-2009, 13:07 by Justin. 1 replies.
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  •  09-24-2009, 21:22 30831

    Marubozu candle stick pattern

    can any one help me to create new explorer for finding securities matching Marubozu chart pattern
  •  09-30-2009, 13:07 30855 in reply to 30831

    Re: Marubozu candle stick pattern

    The ShavenHead() and ShavenBottom() candlestick functions would meet the definition most of the time.  That said, there is also what is known as a Full Marubozu (where there is no shadow on either side of the candle) which I would think would be a fairly rare pattern.

    We'd probably need the exact criteria to write this to meet your needs.  I have found some web sites that say it's OK for there to be a very small shadow.  If so, we would need to know how to define "very small".  You can try the formulas below, although I doubt it would find very many results.

    {Bullish Full Marubozu}
    C = H AND O = L

    {Bearish Full Marubozu}
    C = L AND O = H

    You could put one formula in Column A and Column B and then put a Filter of:

     ColA OR ColB
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