TsangYouJun

Hammer Scanner v1

This script is for helping you to find bullish and bearish hammers.
Release Notes: Added more varieties of hammer candles.

There are 4-types in total:
- Hammer (Bullish)
- Inverted Hammer (Bullish)
- Hanging Man (Bearish)
- Shooting Star (Bearish)

You should always use candlesticks in combination with other indicators such as oscillators, moving averages, Bollinger bands.
Release Notes: Added user requested feature for the maximum height of body to be 1/3 that of the shadow.

Added user control to define the maximum height of the tail to be 1/2 that of the body.

Diagram:
—————————
Tail / Body / Shadow

Default Rules:
1) Tail no taller than 1/2 the body height.
2) Body no taller than 300 pips.
3) Body must be shorter than 1/3 of the shadow.
Skript med en öppen källkod

I sann TradingView-anda har författaren till detta skript publicerat det som öppen källkod, så att handlare kan förstå och verifiera det. Skål för författaren! Du kan använda den gratis men återanvändning av den här koden i en publikation regleras av våra Ordningsregler. Du kan göra den till favorit för att använda den i ett diagram.

Vill du använda det här skriptet i ett diagram?

Kommentarer

Correct me if I am wrong. It happens a lot, but you set a max value for hammer at 100 but your default is 300?
+2 Svara
hi, do i need to be a pro user to apply this scanner?
+1 Svara
Perfect
+1 Svara
Thank you! is it possible to define the size of the body of the candle in the Hammer? I think the body should be about 1/3 size of the total hammer..
+1 Svara
cjmarka Mahesh407
@Mahesh407, that's exactly right. I was hoping for the ability to make that adjustment.
+2 Svara
TsangYouJun Mahesh407
@Mahesh407, updated as requested. Please note that the candle is defined as follows:

—OOO———————
Shadow / Body / Tail

It’s written opposite in the code, but that’s just a naming problem.

Rules:
1) Shadow no taller than 1/2 of the Body
2) Body no taller than 300 pips
3) Body must be shorter than 1/3 of the Tail

1/2, 300 and 1/3 are all user modifiable values.
+1 Svara
Mahesh407 TsangYouJun
@TsangYouJun, You are a legend! Thanks mate!
+1 Svara