Marubozu Scanner v1

Some code for detecting the very rare occurrences of the Marubozu candle. This candle occurs when the High = Close, and Low = Open, or vice versa. They are continuation candles, so if you see a bullish Marubozu during an uptrend its possible that the uptrend will continue.
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How To Used This Scripts
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Abnormal candle lengths (below 1% range or above 10% range) should be ignored or flaged in different color
@ahmadt, how do you define “abnormal length”?
+1 Reply
Thx for it mate.
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