Bozu

Description

A Bozu is a candlestick with a shaven top and bottom. In other words, a candle with no upper and no lower shadow.

Formula

Bozu(INPUT)=begin

  retval = NONUM

  targetBar = 0

  if ShavenTop($1,targetBar) AND ShavenBottom($1,targetBar) then begin

    if WhiteBody($1, targetBar) then retval = 'B'|clr_green|ftiny|vertical|arrow|below

    if BlackBody($1, targetBar) then retval = 'B'|clr_red|ftiny|vertical|arrow|above

  end

end

Parameters

INPUT

The INPUT directive makes this formula available as a Formula Overlay. INPUT refers to the instrument in the chart.

Return Value

The string plot for fully qualified Bozu is the abbreviation B.

The bearish indicator is rendered in red above the candlestick. The bullish indicator is rendered in green below the candlestick.

Examples

Comments

NA