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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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A Black Closing Marubozu Candle is a Closing Marubozu Candle which Closes at the low of the candle and will also be a Long Black Candle as a result. It has an upper shadow / wick.
H > O AND C = L AND O - C > 3 * AVG(ABS(O - C), 15) / 2
Attachments:
Black Closing Marubozu Candle.gif - 3 KB, downloaded 1,296 time(s).
-Bruce
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Registered User
Joined: 9/30/2011
Posts: 788
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I expressed myself badly, I meant Marubozu Long White with closing on the minimum !
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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If the close of a Marubozu Candle is at the low, then the candle will be a Black Candle, not a White Candle.
A White Marubozu Candle has its close actually at the high and its open actually at the low.
A White Closing Marubozu Candle has the close actually at the high with the open just being near the low.
A White Opening Marubozu Candle has its close just being near the high and its open actually at the low.
-Bruce
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Registered User
Joined: 9/30/2011
Posts: 788
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Thank you !
Best regards !
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Registered User
Joined: 9/30/2011
Posts: 788
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I would like to correct the following Marubozu opening formula with Syntax Error near = message
(L = O O O = H) E H - L> ABS (O - C) E ABS (O - C)> 3 * AVG (ABS (O - C), 15) / 2
Thank you and goodbye.
Raider45
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Registered User
Joined: 9/30/2011
Posts: 788
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Problem solved !
Best regards !
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I am happy to read you were able to figure it out on your own.
-Bruce
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