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TsangYouJun
26 avr. 2020 16:40

Hammer Scanner v1 

BITSTAMP:BTCUSD1W
Bitcoin / U.S. dollarBitstamp

Description

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

Notes de version

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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.

Notes de version

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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.
Candlestick AnalysisHammerBullish PatternsBearish Patternsscannerfindercandle
Commentaires
crfmackenzie
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Correct me if I am wrong. It happens a lot, but you set a max value for hammer at 100 but your default is 300?
Mahesh407
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Thank you! is it possible to define the size of the body of the candle in the Hammer? I think the body should be about 1/3 size of the total hammer..
cjmarka
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@Mahesh407, that's exactly right. I was hoping for the ability to make that adjustment.
TsangYouJun
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@Mahesh407, updated as requested. Please note that the candle is defined as follows:

—OOO———————
Shadow / Body / Tail

It’s written opposite in the code, but that’s just a naming problem.

Rules:
1) Shadow no taller than 1/2 of the Body
2) Body no taller than 300 pips
3) Body must be shorter than 1/3 of the Tail

1/2, 300 and 1/3 are all user modifiable values.
Mahesh407
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@TsangYouJun, You are a legend! Thanks mate!
mjtrad25
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@TsangYouJun, hi there, can you apply this script to the screener and pull out all stocks/cryptos that have any of these characteristics within say the last 24 hours?
coolpixel
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hi, do i need to be a pro user to apply this scanner?
emmanueldesk
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Perfect
Shazam77
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Great work Mister. Is it possible that the alarm function is not fully complete? Or I'm wrong?
ericworsh
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Great
Plus