Hi, today I bring you a price action strategy/indicator for Forex, made out for Marubozu candle type.
For the entries of it check if we have a long or a short marubozu.
For exit we have for long when the actual candle is green and the last previous two were red. For exit we have for short, when the actual candle is red and the last previous two were green.
it shows full type marubozu.. does it show opening type marubozu and closing type marubozu?
ankurforwin
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Hello, There is bug in this code. You have comment to short while entry but you are using second parameter as 1. I think, it should be 0. Similarly, it should be 1 for long case.
capableOatmeal2675
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is good at smaller timeframe like m5 m15?
SoftKill21
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@capableOatmeal2675, it might work, but in general the bigger the timeframe, the better