Marubozu Bearish

The Marubozu Bearish candlestick pattern indicator is a bearish 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 signal once the pattern has fully formed. For more information about this candlestick pattern, check out Bearish Marubozu Candles. Users will generally want to use this indicator for only buy signals, depending on the 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.