This is a basic strategy that will buy after a hammer is printed, and sell when a predetermined risk or reward price is hit. You can change the risk and reward values in the settings. Risk and reward values are in increments of $0.01. Default values are 75 ($0.75) and 200 ($2.00). If the strategy is producing losses, try adding a zero to the end of the risk value...
The script highlights the Hammer, Hanging Man, and Shooting Star candlesticks on the main chart screen. Please use an oscillator that shows oversold and overbought conditions with this script.
This indicator Scans for Divergence and Hammer and inverted Hammer and doji after the first oversold spike must come with divergence a doji or a hammer is armed depending on the time frame is the capitulation candle that is collected u can then buy or sell
This script tries to identify the candles that have Hammer & Hanging Man & Inverted Hammer & Shooting Star patterns
This is a simple script to identify Hammer and Hanging Man Candles
This script can be used to spot hammers on the charts, I try to avoid false positives by ignoring candles which have less than 0.25% price difference between open and close.
This script help to identified popular candlestick pattern combined with trend identifier. Most script only focus on criteria of the pattern. Such as how much the length of the body compared to previous candle etc. Besides criteria of the candle, this script also considered the trend into the logic. For example bullish engulfing is a bullish reversal signal, which...
Shows indicators above/below hammer-like candles. Also adds BB & EMA in order to reduce active indicator count.
This is a simple study designed to track multiple candlestick patterns. Custom alerts included.
My first iteration of a script that ID's japanese candlestick patterns including: bullish_engulfing www.investopedia.com bearish_engulfing www.investopedia.com bullish_harami www.investopedia.com bearish_harami www.investopedia.com piercing_line (bullish) ...
This script will draw on your chart signs after detecting the following patterns: 1/2/3 Hammer Shooting Star Bullish Engulfing Bearish Engulfing And before that he will filter them by common technical rules
I decided to republish this one without the trend filter and with all the major symbols active. This will allow for all the patterns to show up. Due to 15 different candlestick formations in this one script, it will be difficult to turn off the last few due to screen size. You can turn off individual patterns on the settings screen. I have everything spelled out...
This script creates Hammer, Hanging man, Shooting star, Inverted hammer chart indicators. RED + CROSS = Sell GREEN + DOT = Buy
Hi Let me introduce my Hammer automatic finding script. This is a bullish reversal candlestick which occurs in a downtrend. It has a small real body at the top of the candlestick and a long lower shadow.