Strategy Concept: This strategy identifies Marubozu candles on a tick chart (customizable pip size) with high volume to signal strong market momentum.
Bearish Marubozu → Strong selling pressure → Enter a SELL trade Bullish Marubozu → Strong buying pressure → Enter a BUY trade Entry Conditions: Marubozu Definition: Open price ≈ High for a bearish Marubozu (minimal wick at the top). Open price ≈ Low for a bullish Marubozu (minimal wick at the bottom). Customizable body size (in pips). High Volume Confirmation: The volume of the Marubozu candle must be above the moving average of volume (e.g., 20-period SMA). Trade Direction: Bearish Marubozu with High Volume → SELL Bullish Marubozu with High Volume → BUY Exit Conditions: Time-Based Expiry: Since it's for binary options, the trade duration is pre-defined (e.g., 1-minute expiry). Reversal Candle: If a strong opposite Marubozu appears, it may indicate a trend shift.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
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