Hammer Scanner v1

26 באפר׳ 2020

This script is for helping you to find bullish and bearish hammers.

28 באפר׳ 2020

הערות שחרור

Added more varieties of hammer candles.

There are 4-types in total:
- Hammer (Bullish)
- Inverted Hammer (Bullish)
- Hanging Man (Bearish)
- Shooting Star (Bearish)

You should always use candlesticks in combination with other indicators such as oscillators, moving averages, Bollinger bands.

4 באוג׳ 2020

הערות שחרור

Added user requested feature for the maximum height of body to be 1/3 that of the shadow.

Added user control to define the maximum height of the tail to be 1/2 that of the body.

Diagram:
—[ ]————————
Tail / Body / Shadow

Default Rules:
1) Tail no taller than 1/2 the body height.
2) Body no taller than 300 pips.
3) Body must be shorter than 1/3 of the shadow.