DovCaspi

Hammer, Hanging man, Shooting star, Inverted hammer Indicators

This script creates Hammer , Hanging man , Shooting star , Inverted hammer chart indicators.
RED + CROSS = Sell
GREEN + DOT = Buy
Ta bort från favoritskript Lägg till som favoritskript
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)

Kommentarer

@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 ;)
+9 Svara
@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
+4 Svara
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
+6 Svara
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 ;)
+4 Svara
yolo12 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.
+1 Svara
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.
+2 Svara
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?
+2 Svara
How to use this script. Can it be used on this platform or any other platform
+1 Svara
i experience the smaller TF=the better signals esp. on 5,3,1 min.TF . Thanks and compliment for such piorneering script that you had been trying since 2014! It is interesting to watch +experiment at which Candle which of the 4 Behaviour of your script will be triggered ! . Really Great Job u well done .
Svara
Hi guys
I didn't touched this code for several years :(
Sorry ..

Dov Caspi
dov.caspi@gmail.com
Svara
Hem Aktie-screener Forex-screener Krypto-screener Ekonomisk kalender Hur det fungerar Diagramfunktioner Priser Tipsa en vän Ordningsregler Hjälpcenter Webbsidor och mäklarlösningar Widgets Diagramlösningar Lightweight Charting Library Blogg och nyheter Twitter
Profil Profilinställningar Konto och fakturering Hänvisade vänner Mynt Mina kölappar Hjälpcenter Publicerade idéer Följare Följer Privata meddelanden Chatt Logga ut