Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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A White Opening Marubozu Candle is a Opening Marubozu Candle which opens at the Low of the candle and will also be a Long White Candle as a result. It has an upper shadow / wick.
H > C AND O = L AND C - O > 3 * AVG(ABS(O - C), 15) / 2
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White Opening Marubozu Candle.gif - 2 KB, downloaded 959 time(s).
-Bruce
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Registered User
Joined: 9/30/2011
Posts: 788
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I would like to know the meaning of valor1 3 - 15 and 2 of this Marubozu candle
Also, I would like to reduce half of the opening body.
H> C AND O = L AND C - O> 3 * AVG (ABS (O - C), 15) / 2
Thank you and goodbye.
Raider45
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The C - O > 3 * AVG(ABS(O - C), 15) / 2 section of the formula is checking for both the close to be above the open and for the the candle to be a large candle where the body is at least 50% longer than the average body over the most recent 15 bars (because 3 / 2 = 1.5).
If you want the the high above the close, the close above the open, the open equal to the low and the body to be half the length of the candle or smaller without any checks for being a large candle.
H > C AND C > O AND O = L AND C - O <= (H - L) / 2
-Bruce
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Registered User
Joined: 9/30/2011
Posts: 788
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Congratulations, thank you !
Best regards !
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
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