Big Marubozu

• 04/03/2017 at 7:35 PM #30881
  CarlosFC

  I have seen the code for marubozus (from Nicolas I think) and I would like to have an indicator to show big marubozus. I mean marubozus with a range three times larger than the average of last 30 days. Would it be also possible to have an screener based on that?

  Many thanks in advance.

  Carlos.

  

  CarlosFC

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  04/04/2017 at 8:38 AM #30951
  Nicolas

  Here we go with this screener code to detect big Marubozu candlestick pattern:

  bigmarubozu = abs(open-close)/range>=0.95 and range>=3*average[30](range) screener[bigmarubozu]

  1 2 3

  bigmarubozu = abs(open-close)/range>=0.95 and range>=3*average[30](range)   screener[bigmarubozu]

  It detects effectively big candlesticks! 🙂

  

  Nicolas

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  04/04/2017 at 9:14 AM #30962
  CarlosFC

  Thank you very much Nicolas. It was easier than expected.

  Just a question. I see that the screener filetrs stocks with marubozus throughout their history. Would it be possible to show only ones with marubozus at last or previous time frame (day, week, etc)?

  Thanks again.

   

   

  

  CarlosFC

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  04/04/2017 at 9:18 AM #30966
  Nicolas

  It should only detect if a Marubozu occurred today. Do you have any example of wrong return of the screener please?

  

  Nicolas

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  04/04/2017 at 10:54 AM #30975
  CarlosFC

  My mistake Nicolas. It works perfectly.

  Thanks a lot.

  Carlos.

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  Nicolas

  

  CarlosFC

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