Hammer Pattern Indicator
Logo di "Hammer Pattern Indicator"
5.0
03/09/2025
152
Desktop
Da 21/02/2025
Volume negoziato
454.45M
Profitto in pip
174.76K
Vendite
5
Installazioni gratuite
3031
Immagine caricata di "Hammer Pattern Indicator"Immagine caricata di "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! 🚀

5.0
Recensioni: 1
5
100 %
4
0 %
3
0 %
2
0 %
1
0 %
Recensioni dei clienti
August 18, 2025
Automatically detects hammer candlesticks, customizable, lightweight. Cons: No trend filter, no reliability scoring, possible false signals on low TFs.
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