The Marubozu candlestick is a Japanese candlestick pattern.
This candlestick can show you when the price has traded very strongly, either higher or lower.
In this post, we go through the Marubozu indicator, how to trade it, and how to use it with Marobuzu indicators in your MT4 and MT5 charts.
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What is the Marubozu Indicator
The Marubozu is very easy to identify and trade candlestick patterns.
There are bullish and bearish variations of this candlestick, and they can give you a clue as to whether the buyers or sellers are in control.
A bullish Marubozu candlestick can show you that the buyers are in control. You can see this as the Marubozu has little or no candle wick, and the price closed right up towards the end of the candle.
On the other hand, a bearish Marubozu candlestick is where the sellers have controlled the price. You can see this as the candle has little or no wick, and the price closes towards the bottom of the candle.
The example chart below shows you a bullish Marubozu candlestick. Note how the price closes right near the top of the candle showing buyers were in control which is why the price closes near the top.
How to Use the Maruboza Indicator
Because the Marobozu is an easy candlestick pattern to identify, you can quickly find bullish and bearish market situations.
If a candlestick is very bullish, then a bullish Marubozu will form. You will see this as the price will move higher and close towards the top of the candlestick.
You can quickly identify a bearish candlestick with a bearish Marubozu. You will see this as the price will move lower and close towards the bottom of the candlestick.
When you see a bullish Marubozu candlestick, you know there is a lot of buying pressure. This can indicate the bulls are in control and the price is looking to move higher.
On the other hand, if you spot a bearish Marubozu, it shows the sellers are in control, and the price could be looking to keep moving lower.
As with any candlestick pattern, the context that the Marubozu candlestick forms are essential.
Marobuza Indicator for MT4
Some of the best price action indicators you can use will allow you to easily and quickly find multiple candlestick patterns, including the Marobuza candlestick.
This MT4 Marobuza indicator will help you spot not just the Marobuza but also 16 other candlestick patterns.
As soon as one of the candlestick patterns forms, you can be sent Metatrader alerts, either through your desktop or to your phone.
Some of the more popular indicators you can spot with this indicator are;
- Bullish and bearish engulfing bars.
- Handing man.
- Doji candlesticks.
You can test the Marobuza indicator for MT4 here.
Marobuza Indicator for MT5
This is similar to the MT4 version in that it will allow you to spot not just the Marobuza candlestick pattern but for many other popular candlesticks.
Some of the more popular candlestick patterns you can spot with this indicator include;
- Bullish and bearish engulfing patterns.
- Spinning tops.
One handy feature with this MT5 Marobuza indicator is that you can turn on or off any particular patterns you want to find. For example, if you only wanted to have Marobuza’s highlighted on your charts, you could select the Marobuza candle and turn off the rest.
You can try the Marobuza indicator for MT5 here.
The Marobuza candlestick pattern is a straightforward pattern that you can use to find potential bullish or bearish moves.
This candlestick pattern is often best paired with your other favorite indicators and technical analysis strategies, such as using it with moving averages or price action information.