Marubozu

The Marubozu candlestick pattern indicator is a bullish candle that has that does not have any wicks, meaning it is a strong candle which is raising the price. This Indicator works by generating a sell and/or buy trade signal once the pattern has fully formed. For more information about this candlestick pattern, check out Bullish Marubozu Candles and Bearish Marubozu Candles. Users will generally want to use this indicator for only buy signals, but this depends on strategy.

Your position determines the trade signal used for this indicator! If you are in a bought position, the trade signal will be a sell signal. If you are in a sold position, the trade signal will be a buy signal. You can set this indicator to produce the signals you want by ONLY enabling those trade signals on the left of the candlestick pattern indicator screen.