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Marubozu candle scann

edited August 7 in Scanning
There is no predefined scann for a bullish Marubozu candle. Anyone as writen such a scan code?

Comments

  • markdmarkd ✭✭✭
    On the Advanced Scan Workbench, in the Scan Builder section, is a drop down called "Candlestick Building Blocks". Open the drop down, select Marabozu and click "Insert".

    To limit hits, you may want to add some other conditions from the Ticker Properties drop down, like exchange and/or market cap, depending on what you are interested in.

    Possible exchanges are listed here

    https://stockcharts.com/docs/doku.php?id=scans:reference:ticker_properties

    A full syntax reference is here

    https://stockcharts.com/docs/doku.php?id=scans:reference

    Links to much more scanning info is here

    https://stockcharts.com/docs/doku.php?id=scans
  • I have three scans I use daily:

    White Closing Marubozu
    and [Close = High]

    Full White Marubozu
    and [Open = Low]
    and [Close = High]

    White Opening Marubozu
    and [Open = Low]

  • edited August 8
    Please define LONG BODY IS TRUE in the candlesticks scan blocks
  • markdmarkd ✭✭✭
    I can't find an explanation in the documentation of how they programmed "long body".

    However, here is an explanation of possible methods for programming "long body" by Greg Morris, who is a contributor to the site.

    http://stockcharts.com/articles/dancing/2016/03/candlestick-analysis--pattern-identification.html?st=long+body

    My guess is, they used method 3:

    "An average of the body sizes of the last X days is used to determine a long body. The value for X should be anywhere between 5 and 10 days. If the percentage was set to 130, then a long day would be identified as if it was 30% greater than this average. This method is good because it falls in line with the general concept of candlesticks and their use for short term analysis."

    Support might be able to tell you for sure.
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