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CDLMARUBOZU

Type: cdlmarubozu • Category: indicators

Description​

Marubozu

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
openstringno
highstringno
lowstringno
closestringno
patternstringno"CDLMARUBOZU"

Help​

CDLMARUBOZU

Description​

The CDLMARUBOZU indicator, also known as Marubozu, is a technical analysis tool used in financial markets. It is designed to identify specific candlestick patterns that can provide insights into market trends and potential reversals.

What does this worker do?​

The CDLMARUBOZU worker analyzes price data to identify Marubozu candlestick patterns. A Marubozu is a candle with a very small or non-existent upper or lower wick, indicating a strong trend in the market. The worker takes in the following parameters:

  • dataExp: prices data
  • open: opening prices
  • high: highest prices
  • low: lowest prices
  • close: closing prices
  • pattern: the type of Marubozu pattern to identify

How to interpret the results​

The CDLMARUBOZU indicator can help traders identify potential trend reversals or continuations. A Marubozu pattern can be either bullish or bearish, depending on the color of the candle and the direction of the trend.

  • A bullish Marubozu (green or white candle) indicates a strong uptrend, while a bearish Marubozu (red or black candle) indicates a strong downtrend.
  • The absence of upper or lower wicks suggests that the market is strongly trending in one direction.

Using the CDLMARUBOZU Indicator​

To use the CDLMARUBOZU indicator, simply apply it to your price chart and adjust the parameters as needed. You can refer to the following GIFs for a visual guide:

Detailed Usage Example​

[![Detailed Usage Example](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)

Short Usage Example​

[![Short Usage Example](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)

Additional Information​

The Marubozu pattern is a type of candlestick pattern that originated in Japan. It is characterized by a long body with little to no wicks, indicating a strong trend in the market. The CDLMARUBOZU indicator is a useful tool for traders looking to identify potential trend reversals or continuations. However, as with any technical analysis tool, it should be used in conjunction with other indicators and risk management strategies to maximize its effectiveness.