HG Scalpius H & SS Scan This indicator highlights hammer candles and shooting star candles based on the below definitions: Hammer = lower wick >= 2* real body and closes in top half of range Shooting Star = upper wick >= 2*real body and closes in bottom half of range hammer = (min(open,close)-low)>= (2*abs(open-close)) and close >...
I made this in starbucks . Bullish hammer trading signal algorithm using MACD for trend determination and holding period.
This script can be used to spot hammers on the charts, I try to avoid false positives by ignoring candles which have less than 0.25% price difference between open and close.