Hammer Pattern Indicator
Logo de "Hammer Pattern Indicator"
5.0
03/09/2025
135
Desktop
Since 21/02/2025
Volume tradé
449.9M
Pips gagnés
173.3K
Ventes
3
Free installs
2729
Image mise en ligne de "Hammer Pattern Indicator"Image mise en ligne de "Hammer Pattern Indicator"

Hammer Pattern Indicator – Strategy Explanation

This Hammer Pattern Indicator is a candlestick-based reversal signal that identifies bullish hammer patterns in a downtrend. It is designed to detect potential trend reversals and highlight buying opportunities.


How It Works

1️⃣ Detects Downtrend

  • The candle’s closing price must be lower than the close 3 bars ago, indicating a potential downtrend.

2️⃣ Validates Hammer Candlestick Structure

  • Small Body: The body of the candle is relatively small (≤ 30% of total range).
  • Long Lower Shadow: The lower wick is at least 2 times the body size (shows strong rejection of lower prices).
  • Short Upper Shadow: The upper wick is ≤ 30% of the body size (indicating little resistance at the top).

3️⃣ Plots a Buy Signal

  • If all conditions are met, a red dot (or a chosen color) appears slightly below the low of the hammer candle as a visual confirmation of a potential reversal.


Key Features

Filters weak signals by ensuring a prior downtrend.
Customizable parameters for body size, shadow length, and colors.
Simple yet effective candlestick pattern for swing traders and price action traders.

📌 Best Use: Confirm the hammer pattern with additional indicators (e.g., volume, support levels) for stronger signals! 🚀

Plus de cet auteur
Indicateur
RSI
Indices
Forex
+3
ScalpingSignals9000
High-probability trading signals in the fast-paced world of forex and CFD trading.
Indicateur
Indices
Prop
ATR
+4
TrendPulse
BrickAlgo TrendPulse is an advanced technical analysis tool that combines multiple indicators with filterin mechanisms.
Indicateur
RSI
Indices
Signal
Rsi + Volume
This indicator combines RSI (Relative Strength Index) with volume analysis to generate more reliable trading signals.
SmartArrows AI V2
High-Performance Renko Chart Indicator with Advanced AI Filtering.
Indicateur
Signal
Scalping
9-5-3 Trading Strat
Enhance Your Trading Strategy with the Larry Williams 9-5-3 Indicator
Indicateur
Stocks
Forex
Signal
+1
Engulfing Pattern Indicator
Engulfing Pattern Indicator
EURUSD Breakout Indicator
Breakout Multi-Timeframe Strategy Indicator
Indicateur
Stocks
Forex
Crypto
PinBarCandlestickPattern
PinBarCandlestickPattern Indicator
Indicateur
RSI
Signal
MA-RSI HTF Confirmation
MA-RSI HTF Confirmation: Eliminate false signals and trade with confidence!
Indicateur
Prop
Commodities
Stocks
+2
Light-Version BrickAlgo TrendPulse
🚀 Simplify Your Trading Decisions With Powerful Technical Analysis.
Indicateur
Signal
MACD
USDJPY
PulseTracker
Version 1.2: Advanced Trend Detection & Visualization System
Renko Moving Average Cross Indicator
The Renko Moving Average Cross indicator combines classic EMA crossover signals with Renko-filtered prices.
cBot
Forex
Signal
MACD
SwingStratH6
Smart Trend cBot - Swing6h
Indicateur
Forex
Signal
MACD
swingh6
Swing-Trading Indicaotr for pairs like EUR/USD, AUD/USD, and USD/JPY. Most effective on higher time frames H4,H6,H12...
ADX and ADI
This custom indicator is a complete implementation of the Average Directional Index and Directional Indicators.
Vous pourriez aussi aimer
Volume Weighted Average Price
VWAP is a powerful tool for intraday traders
Multi Volume Profile
Advanced customizable volume-profile indicator with buy/sell levels, delta analysis, multi-TF support and vivid gradient
Trend-reversal-indicator for cTrader
🔹 Trend-Reversal-Indicator for cTrader 🔹 The ultimate Renko chart tool!
R S
This indicator is a simple, single-timeframe tool for showing candle sentiment directly on your chart. If you want a mor
IR Ichimoku Macd
this indicaotr show distance between Tenkan to Kijun, Close to Kijun and Close to Tenkan 
KANDIKA HEAT MAP
Color-Based Market Pressure & Volatility Visualizer The Kandika Heatmap Indicator
Indicateur
Bollinger
Repiptor BB Colored Width
Colored Bollinger Bands Width
Indicateur
RSI
Stocks
Forex
+1
Market Cipher A
Market Cipher A
E7 Harmonic Structures Basic
E7 Harmonic Structures Basic.
Indicateur
Breakout
ORB v1
Opening Range Breakout (ORB) - Visual Edition
E7 Correlation Dashboard
E7 Correlation Dashboard.
Weis & Wyckoff System v2.0
Weis & Wyckoff System v2.0
Indicateur
RSI
XAUUSD
Breakout
+4
Multi-Level Candle Bias Tracker
Price direction by calculating the probability of reaching new highs/lows. Shows levels & stats📈
Indicateur
NAS100
NZDUSD
RSI
+12
TrendFibonacci
The TrendFibonacci indicator is a powerful tool for traders, combining Fibonacci retracement levels
Commodity Channel Index Smoothed w Alerts_NSC
Smoothed CCI alerts! Audio & arrow signals for +/-100 crosses. Custom sounds & arrow filters. Precision trading!
DailyPivotPoints
Daily Pivot Points plots key support and resistance levels to guide precise trading decisions.
Indicateur
NAS100
NZDUSD
XAUUSD
+14
Volume Profile Pivot Anchored
Anchor volume profiles to pivots with POC, VAH, VAL and real-time insights for clearer trade decisions.
Breakout Mode Patterns
Brooks price action breakout mode patterns