Marubozu Candlesticks For ThinkOrSwim

[djgLXXII]

I imagine this is very simple. What I want to do is take the existing Marubozu candlestick script and have it ONLY apply to today's price. I do not care about the past. Ultimately, I want to use this in a scan filter.

#
# TD Ameritrade IP Company, Inc. (c) 2011-2021
#
#wizard plots
#wizard text: Inputs: length:
#wizard input: length

input length = 20;

def ErrMargin = 0.05 * Average(BodyHeight(), length);

plot Bearish = IsLongBlack(length) and
    high - open <= ErrMargin and
    close - low <= ErrMargin;

plot Bullish = IsLongWhite(length) and
    open - low <= ErrMargin and
    high - close <= ErrMargin;

Bearish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
Bearish.SetDefaultColor(GetColor(7));
Bearish.SetLineWeight(2);
Bullish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
Bullish.SetDefaultColor(GetColor(8));
Bullish.SetLineWeight(2);

 

[MerryDay]

I imagine this is very simple. What I want to do is take the existing Marubozu candlestick script and have it ONLY apply to today's price. I do not care about the past. Ultimately, I want to use this in a scan filter.

#
# TD Ameritrade IP Company, Inc. (c) 2011-2021
#
#wizard plots
#wizard text: Inputs: length:
#wizard input: length

input length = 20;

def ErrMargin = 0.05 * Average(BodyHeight(), length);

plot Bearish = IsLongBlack(length) and
    high - open <= ErrMargin and
    close - low <= ErrMargin;

plot Bullish = IsLongWhite(length) and
    open - low <= ErrMargin and
    high - close <= ErrMargin;

Bearish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
Bearish.SetDefaultColor(GetColor(7));
Bearish.SetLineWeight(2);
Bullish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
Bullish.SetDefaultColor(GetColor(8));
Bullish.SetLineWeight(2);

Use this scan tutorial: https://usethinkscript.com/threads/how-to-use-thinkorswim-stock-hacker-scans.284/
Scan for:

Bullish is true

 

[8Nick8]

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Hi, attempted to write the bearish kicker Candlestick pattern and also to find this kind of setup after the stock has few days of price accelerating. The current script manages to find the desired candlestick but I would like to make the following adjustments.

As I found it difficult to get bearish Marubozu candlestick, may i know how can i write the condition for the bearish candle to close lower at least 75% of the candle body and the stock has moved up last 3 days

declare upper;

def condition1 = close[1] > open[1];#bullish Bar
def condition2 = open<low[1];
def condition3 = close<open;
plot signal = condition1 and condition2 and condition3;
AddChartBubble(signal, high, "k", Color.white,yes);

 

[MerryDay]

As I found it difficult to get bearish Marubozu candlestick,

Have you seen this Marubozu pattern script:
https://usethinkscript.com/threads/scanning-for-marubozu.9172/

 

[alexo2022]

Hi,

I need help to setup a column that will show me:

if it's marubozu candle,

there's already a code in thinkorswim to find this kind of candle,

I just need it to return is yes or no.

for example - this is the code from thinkorswim:

input length = 20;

def ErrMargin = 0.05 * Average(BodyHeight(), length);

plot Bearish = IsLongBlack(length) and
high - open <= ErrMargin and
close - low <= ErrMargin;

plot Bullish = IsLongWhite(length) and
open - low <= ErrMargin and
high - close <= ErrMargin;

____________________________________________________________________________________

I want to check if it is bearish candle - then return "TRUE", with red background.
else
if it bullish candle = then return "True", with green background.

if it not the one of those options then return - "FALSE".

thanks.

 

[SleepyZ]

Hi,

I need help to setup a column that will show me:

if it's marubozu candle,

there's already a code in thinkorswim to find this kind of candle,

I just need it to return is yes or no.

for example - this is the code from thinkorswim:

input length = 20;

def ErrMargin = 0.05 * Average(BodyHeight(), length);

plot Bearish = IsLongBlack(length) and
high - open <= ErrMargin and
close - low <= ErrMargin;

plot Bullish = IsLongWhite(length) and
open - low <= ErrMargin and
high - close <= ErrMargin;

____________________________________________________________________________________

I want to check if it is bearish candle - then return "TRUE", with red background.
else
if it bullish candle = then return "True", with green background.

if it not the one of those options then return - "FALSE".

thanks.

This will reture a red/green TRUE in a column, otherwise a black blank.

input length = 20;

def ErrMargin = 0.05 * Average(BodyHeight(), length);

plot Bearish = IsLongBlack(length) and
high - open <= ErrMargin and
close - low <= ErrMargin;

plot Bullish = IsLongWhite(length) and
open - low <= ErrMargin and
high - close <= ErrMargin;

addlabel(1, if bearish or bullish then "TRUE" else "", if bearish then color.red else if bullish then color.green else color.black);

 

[alexo2022]

This will reture a red/green TRUE in a column, otherwise a black blank.

input length = 20;

def ErrMargin = 0.05 * Average(BodyHeight(), length);

plot Bearish = IsLongBlack(length) and
high - open <= ErrMargin and
close - low <= ErrMargin;

plot Bullish = IsLongWhite(length) and
open - low <= ErrMargin and
high - close <= ErrMargin;

addlabel(1, if bearish or bullish then "TRUE" else "", if bearish then color.red else if bullish then color.green else color.black);

Thanks,

I've checked the code, and it works only when i find bullish, when i search for bearish, it show black.
why is that ?

 

[SleepyZ]

Thanks,

I've checked the code, and it works only when i find bullish, when i search for bearish, it show black.
why is that ?

Here is an image showing both colors. Check the timeframe of the custom column and make sure it matches the chart you are viewing to confirm the accuracy.