Marubozu Indicator for ProRealTime

The Marubozu Indicator automatically detects and displays Bullish and Bearish Marubozu candlestick patterns directly on your ProRealTime charts.

A Marubozu is a Japanese candlestick pattern characterized by a large body with little or no upper and lower wicks. It reflects strong buying or selling pressure during the period being analyzed.

• Bullish Marubozu: The opening price is near the period’s low and the closing price is near its high.
• Bearish Marubozu: The opening price is near the period’s high and the closing price is near its low.

Depending on market conditions, these patterns may accompany a strong directional price movement.

Identify Bullish and Bearish Marubozu

The Indicator highlights detected patterns directly on your charts:

• Green arrow below the candle: Bullish Marubozu detected.
• Red arrow above the candle: Bearish Marubozu detected.

This visual identification helps you locate Marubozu candlesticks without manually examining every candle.

The Indicator works on all timeframes and allows you to adjust the detection criteria to your own trading preferences.

Customizable Settings

Configure the Indicator directly from the Configure menu in ProRealTime, without modifying the code.

Adjustable validation criteria:

• Maximum length of upper and lower wicks.
• Calculation period for the average body size of previous candles.
• Minimum candle body size relative to this average.

Display options:

• Enable or disable Bullish Marubozu detection.
• Enable or disable Bearish Marubozu detection.

These settings allow you to customize which Marubozu patterns are displayed on your charts.

Characteristics

• Automatic detection of Bullish and Bearish Marubozu candlesticks.
• Green and red arrows displayed directly on price charts.
• Works on all timeframes.
• Customizable detection criteria and display options.
• Compatible with ProRealTime V11 and later versions.
• Compatible with the free version of ProRealTime (daily closing prices).
• Settings adjustable without modifying the code.
• Free automatic updates.

Video Presentation

Video in French – English subtitles available.

Looking for Marubozu patterns across the markets?

To find financial instruments matching your Marubozu detection criteria, discover our Marubozu Screener.

The Indicator displays detected patterns directly on your charts, while the Screener scans the markets to find instruments matching your criteria.

The Marubozu Indicator is also included with the Marubozu Screener.