SoftKill21

Marubozu Forex Price action

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.


If you have any questions private message me !
Open-source script

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
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Comments

is good at smaller timeframe like m5 m15?
Reply
SoftKill21 capableOatmeal2675
@capableOatmeal2675, it might work, but in general the bigger the timeframe, the better
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