Hammer, Hanging man, Shooting star, Inverted hammer Indicators oleh DovCaspi

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Dilihat 6899

hammer hangingman shootingstar invertedhammer

This script creates Hammer , Hanging man , Shooting star , Inverted hammer chart indicators.
RED + CROSS = Sell
GREEN + DOT = Buy

study("Hammer and Hanging man", overlay=true)

high_h = high[1]
low_h = low[1]
open_h = open[1]
close_h = close[1]

shadow_h = high_h - low_h
body_h = abs(open_h - close_h)
bodyMid_h = 0.5 * (open_h + close_h) - low_h


shadow = high - low
body = abs(open - close)
bodyMid = 0.5 * (open + close) - low
bodyRed = open > close and body > (0.3 * shadow)
bodyGreen = close > open and body > (0.3 * shadow)

bodyTop =  bodyMid_h > (0.7 * shadow_h)
bodyBottom =  bodyMid_h < (0.3 * shadow_h)
hammerShape = body_h < (0.5 * shadow_h)

hangingMan = bodyRed and hammerShape and bodyTop ? high_h : na
hammer = bodyGreen and hammerShape and bodyTop ? high_h : na

shootingStar = bodyRed and hammerShape and bodyBottom ? low_h : na
invertedHammer = bodyGreen and hammerShape and bodyBottom ? low_h : na

plot( hangingMan  , title="Hanging man", style=cross, linewidth=10,color=red, transp=95, offset = -1)
plot( hammer  , title="Hammer", style=circles, linewidth=10,color=green, transp=95, offset = -1)


plot( shootingStar  , title="Shooting star", style=cross, linewidth=10,color=red, transp=95, offset = -1)
plot( invertedHammer  , title="Inverted hammer", style=circles, linewidth=10,color=green, transp=95, offset = -1)

Does it still lag?
I have read some old comments from 2014-15.
I hope this code is updated and it doesn't lag anymore as it did some years ago.
Please tell me if it lags one candle or one bar.

Jawab

clean simple usefull. tnx

Jawab

How to use this script. Can it be used on this platform or any other platform

Jawab

@DovCaspi isnt there a mistake here : shadow_h = high_h - low_h ?

I think shadow should be define in two ways : upper shadow = high_h - max(open_h,close_h) and lower shadow = min(open_h,close_h)-low_h

I tweak the indicator and I see much better hammers ;)

Jawab

PaulMir

@PaulMir,
I must have got it wrong because when I write down your script

upper shadow = high_h - max(open_h,close_h)
lower shadow = min(open_h,close_h)-low_h
body_h = abs(open_h - close_h)
bodyMid_h = 0.5 * (open_h + close_h) - low_h

instead of

shadow_h = high_h - low_h
body_h = abs(open_h - close_h)
bodyMid_h = 0.5 * (open_h + close_h) - low_h

Pine says
Script could not be translated from: |B|upper shadow = high_h

Jawab

It lags because it uses confirmation. if bearish signal, indicator checkout that next candle is red. if bullish signal ( eg hammer ) indicators checks for next candle = green ;)

Jawab

PaulMir

@PaulMir, So its only useful for actually learning what the candles look like, something you can do on on a website.
All in all a completely useless indicator.

Jawab

Does it lag thru the eod. Basically, Could you place and AA trade on the indicator or does it not show up until the next morning?

Jawab

Thanks for the indicator. The only negative is that it's lagging (1 day). How would you tweak it so that it's showing real-time info on the candle that is being formed? TIA

Jawab

Thanks for sharing. Very good indicator.

Jawab