Marubozu
By LuxAlgoMay 29, 2026
Marubozu is an indicator on Vela, our next-generation charting platform, written in Pine Script®.
Marubozu detects the shaved candle in its three textbook forms (full, opening and closing marubozu) and keeps only the ones big enough to matter. A wick tolerance of 3% of the bar's range decides whether an end counts as shaved, the real body must beat the 20-bar typical range, and optional volume and trend filters gate detections further. Kept candles are recolored and tagged M, OM or CM, and the latest leaves a reference frame (extremes plus dashed midpoint) extended right.
How to Trade the Marubozu?
- M / OM / CM tag prints: one side held the bar from first trade to last; hover the tag for body, wick, range and volume statistics.
- Price holds beyond the midpoint: respect of the dashed mid keeps the drive credible.
- Midpoint lost: a close back through the mid against the candle reads as the original pressure being absorbed, its own alert.
- Fully retraced: a close beyond the far extreme swallows the bar, its own alert, and ends midpoint and retrace tracking for that candle; the drawn frame stays on the chart until newer detections replace it under Keep Last.
Where a detection prints decides its meaning: Counter-Trend hunts initiative candles turning out of declines and bases, With Trend keeps continuation drives.
Marubozu Settings
- Maximum Wick (%) (default 3): largest wick allowed at a shaved end, as a share of the range.
- Detect Opening Marubozu / Detect Closing Marubozu (defaults on): include the partial forms.
- Typical Range Length (default 20): trailing window for the range and volume yardsticks.
- Minimum Body Multiple (default 1): body versus typical range; 0 keeps every size.
- Volume Filter (default off) with Multiple (default 1): demand above-average volume.
- Trend Context (default Any) with Trend SMA Length (default 50): the location filter.
- Candle Levels (default on) with Keep Last (default 1): reference frames, and how many persist.
- Style toggles: Color Marubozu Candles (on) and Show Labels (on).
Frequently Asked Questions
Free to use
Run it on Vela. Go further with a paid plan.
- Up to 500 Custom Alerts, with webhook automation
- Up to 10× the chart history of Free
- Orderflow lookback up to full history
- More Quant usage to customize it, plus extra usage when you need it
- Futures data alongside crypto, stocks, forex and commodities
Related indicators
Run it on Vela. Make it yours with Quant.
Open this indicator free on Vela, our next-generation charting platform. Then ask Quant, our coding agent built into Vela, to retune it or turn it into a backtested strategy of your own.