The "Hammer and Inverted Hammer" indicator is straightforward and effective. It automatically spots key candlestick patterns for you, making it easier to see potential market turns. You can also adjust a few settings to fit your trading style. Simple, yet quite handy for traders!
Alerts for Hammer Pattern: When the script identifies a Hammer pattern, it can...
Plots an arrow above a hammer candle or candle with big lower wick. Yellow signifies a candle with higher than average volume. Blue is a lower than average volume candle. Hammers/Lower Wick candles are best after a drop in price or near bottoms.
Indicator that highlights Hammer, Inverted Hammer, Engulfing, and Harami candlestick patterns. Great for those looking for a quick way to show the most popular reversal patterns on the charts.
Options will allow you to select to show Hammers, Engulfing or Harami patterns only. You choose the combinations that you want. Great tool to learn and training your...
