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Marubozu Candle Rate this Topic:
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Bruce_L
Posted : Thursday, September 28, 2017 1:55:35 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

A Marubozu Candle is a Long Candle which is all body, having no shadows / wicks.

H - L = ABS(O - C) AND H - L > 3 * AVG(ABS(O - C), 15) / 2

Marubozu Candle

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-Bruce
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Bruce_L
Posted : Thursday, September 28, 2017 2:26:14 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

I really am looking for comments on these. I understand formulas,.but I am not a candlestick guy. If you see candlesticks in my copy of TC2000, they are either Heiken-Ashi or I am working on something for a customer. Almost all of my personal charts are OHLC Bar.

So if you see anything wrong or have an more suggestions, please let me know.



-Bruce
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Al_Gorithm
Posted : Thursday, September 28, 2017 2:59:11 PM

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Joined: 6/30/2017
Posts: 1,227

I like candlesticks visually, as opposed to bars - I can see the open and close easier ...  but like you I'm not a "candlestick guy" in terms of candle names and patterns and signals. Have Nison's books but just flipped through them, not studied (story of my life).

So as far as the candlestick stuff goes, all I'm good for I'm afraid is lame jokes and annoying people about their typos. :) ... I won't be able to spot errors, techincal analysis wise.

I know Bulkowski has a lot of cred, but if I were you I'd pick up Nison's books (from the library - since you're not a candlestick guy - unless you can expense it to Worden ;) ... and "TC2000-ize" his material.

Not saying plagarize Nison ... just use his work as an outline and for ideas on how to explain candles to newbies and more advanced traders ... and how to apply TC2000 formulas.

He's got several books, so don't need them all ... I don't have them in front of me, but the first one or two should be more than enough for your needs.

Al_Gorithm
Posted : Thursday, September 28, 2017 3:02:49 PM

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Joined: 6/30/2017
Posts: 1,227

Maybe some users who are into candles can give you some feedback, and return all the help you've given them, but I'm not seeing a lot of responses, yet. Maybe it's too soon. I'm sure someone will come along eventually.

Al_Gorithm
Posted : Thursday, September 28, 2017 3:04:40 PM

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Bruce_L
Posted : Thursday, September 28, 2017 3:08:16 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

I appreciate the feedback. I will look into Nison's books. Thanks!



-Bruce
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Al_Gorithm
Posted : Thursday, September 28, 2017 3:11:30 PM

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Joined: 6/30/2017
Posts: 1,227

You're welcome, Bruce.

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