A marubozu is a full candle without a wick. It is a sign of strength, meaning that the entire session has moved in the same direction. The direction of the candlestick indicates the trend. A marubozu is a bullish candle, while a morubozu is a bearish candle.
The marubozu / morubozu is usually a large candlestick.
The Marubozu / Morubozu screener scans the market for stocks making a bullish or bearish candle.
You can filter/validate the results so that only bullish or bearish candlesticks are returned. Adjustable criteria, without having to enter the code, can be used to refine the characteristics of the candlesticks you are looking for.
The Marubozu indicator is supplied with the screener.
A general filtering on the daily timeframe is done on the stock price, as well as the exchange's volume. This filtering guarantees the stocks appearing in results are in your liquidity criteria.
Parameters can be adjusted to search Marubozu according to your criteria. All settings are available without modifying the code, in the "variable" menu.
Adjustable validation criteria :
Available filters :
General filter :
Video user guide (english subtitles available) :
Video user guide (english subtitles available) :
Details of available settings :
Disclaimer
Our proposed tools (indicators and screeners) are not investment advices but tools allowing everyone to find specific graphic configurations.
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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