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White Opening Marubozu Candle Rate this Topic:
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Bruce_L
Posted : Thursday, September 28, 2017 3:36:56 PM


Worden Trainer

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

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

White Opening Marubozu Candle

Attachments:
White Opening Marubozu Candle.gif - 2 KB, downloaded 985 time(s).



-Bruce
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raider45
Posted : Monday, October 23, 2017 1:14:34 PM
Registered User
Joined: 9/30/2011
Posts: 788
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
Bruce_L
Posted : Monday, October 23, 2017 1:34:26 PM


Worden Trainer

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

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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raider45
Posted : Monday, October 23, 2017 1:47:00 PM
Registered User
Joined: 9/30/2011
Posts: 788
Congratulations, thank you !
 
Best regards !
Bruce_L
Posted : Monday, October 23, 2017 2:01:34 PM


Worden Trainer

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

You're welcome.



-Bruce
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