Hammer & Shooting Star Candle Detector

Hi guys
This script will help you to find Hammer candles and also Shooting star candles.
These candle patterns indicate price reversal probability and should evaluate in bigger price context before using as a signal.
I hope you find it helpful and enjoy it.
Please leave your comments for improving this script.

릴리즈 노트

An alert has been added to the script + A bit face change

릴리즈 노트

Updated indicator has a new option in setting to filter Hammer and Star candle with color to reduce fake candles.
So you have two option:
1- All color Hammer and Star candles
2- Only "Green Hammer" and "Red Star" candles
* you can use from separate Alerts as well.

I hope you find it useful, Cheers

오픈 소스 스크립트

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.