Marubozu Candle Indicator Mt4
In a bearish marubozu the sellers controlled the price from the opening bell to the close.
Marubozu candle indicator mt4. A marubozu candle is represented only by a body. Depending on where a marubozu is located and what color it is you can make predictions. Others no longer worked.
Many of the indicators i tested were junk. The probability of the market moving up or down is calculated and displayed for each occurrence. The indicator uses machine learning to learn the success rates of each pattern for a particular chart time frame and date range.
It is very useful to discover new trends. The indicator recognizes the following neutral patterns. Could you help me to develope a marubozu alerts indicator.
It has no wicks or shadows extending from the top or bottom of the candle. White marubozu is formed when the open price is equal to the low price and the high price equals the close price. This candle can indicate the buyer holds full control from the beginning of trading opening until closing.
How to identify a marubozu candlestick. I chose the 3 indicators below after testing many candlestick pattern indicators for mt4. The indicators that i could get working were ranked by their ability to identify strong reversal patterns.
Candle type marubozu indicator requested posted in 60 second strategies. I can not find any on other forums. If a white marubozu occurs at the end of a downtrend a reversal is likely.
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