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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Scanning for Marubozus

Scanning for Marubozus Rate this Topic:
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ggloydsr
Posted : Saturday, April 7, 2007 2:19:50 PM
Registered User
Joined: 7/22/2005
Posts: 15
 It is possible to scan a list of stocks for marubozus at the end of a day? What criteria would be needed, if it is indeed possible? Thanks.
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diceman
Posted : Saturday, April 7, 2007 3:09:00 PM
Registered User
Joined: 1/28/2005
Posts: 6,049
 French Stocks?

Not sure what marubozus is?

Thanks
diceman
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ggloydsr
Posted : Sunday, April 8, 2007 11:33:56 PM
Registered User
Joined: 7/22/2005
Posts: 15
 A marubozu is a large japanese candle stick that have little or no wick. They can be either clear or filled. in other words, they represent a day when there was a large movement in the stock, but again, no wick, meaning the stock didn't go in a direction and retrace by the end of the day. Can you help me? Thanks GGL
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Bruce_L
Posted : Monday, April 9, 2007 9:34:10 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 ggloydsr,
Please try the following:

Body is at least 95% of the entire candle:

ABS(C - O) >= .95 * (H - L) AND H > L

You can adjust the percent as desired by changing the .95. You may wish to review the following:

How to create a Personal Criteria Forumula (PCF)
Boolean PCFs for Candlestick Patterns
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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