A hammer candle is defined here as 1) the lower shadow (wick) is at least twice the length of the main body and 2) the close is in the top half of the range. A shooting star has the opposite conditions 1) the upper shadow is at least twice the size of the main body and 2) the close is in the lower half of the range. These candles should not be used by themselves...
This script detects the following candlestick patterns: Bullish Patterns: - Normal 3 Bar Fractal - Enhanced 3 Bar Fractal - Engulfing - Harami ( Inside bar ) - Bullrami (Altenate Bull Harami) Bearish Patterns: - Normal 3 Bar Fractal - Enhanced 3 Bar Fractal - Engulfing - Harami ( Inside bar ) - Bearami (Alternate Bear Harami) - Shooting Star How it works: -...
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 >...
This script is for helping you to find bullish and bearish hammers.
Introduction Swing Trader Assist indicator is designed to assist in the systematic identification of Hammers & Lookback signals within Uptrending markets, Stars & Lookback signals within Downtrending markets, and Mean Reversion signals within Sideways markets. The trader must first identify a strong market trend, then apply the indicator. Application of the...
Hello Everyone. Almost one year later, with Pine version 4, I developed new version of the Divergence for many Indicator. It analyses divergences for 10 predefined indicators and then draws line on the graph. Red for negatif divergence (means prices may go down or trend reversal), Lime for positive divergences (means prices may go up or trend...
This script detects an event created by Oliver Velez, it is a wide-range candle with a small body and a long tail (hammer-type candle), its range is noticeably larger than previous candles, as a rule it can be taken that the body should be maximum of 30% of the total range of the candle with a long tail. The stop goes under the tail and the signal is given when...
This script gives you signals based on the shooting star and hammer patterns. You can customize how much bigger you want the wick of the candle to be than the body of the candle and how high the candle has to be compared to the x amount of candles back. We have also coded in alerts:)
What is the Ultimate Pullback Indicator? This indicator detects pullback trading opportunities by analyzing price action in a very specific manner. By combining simple trend filters with various advanced candlestick patterns it detects high-probability trend-continuation setups (and optional exits). If you use this script to set alerts then you will never...
Pin bar- Trading RoadMap Simple Script to show Up Pin Bar = Yellow Down Pin Bar = Black The Pin Bar Criteria: - The Shadow ≥ 2 X Body - Open And Close In The Top 33% Have a peaceful and profitable trading day 😊 Khaled Maziad
Basic candle patterns marker marks: - Doji stars - Doji graves - Doji dragonflies - Hammers - Reversed hammers - Hanging mans - Falling stars - Absorption up/down - Tweezers up/down - Three inside ups/downs
Doji & hammers marker marks: - long/ short doji star ( marks as doji star ) - doji grave - doji dragonfly - hammer - falling star - hanging man - reversed hammer
Simple script to detect and mark possible reversal candlesticks - "hammer" and reversed version "hanging man". hammer: en.wikipedia.org(candlestick_pattern) hanging man: en.wikipedia.org(candlestick_pattern)
Acw Hammer Script update ranges small,medium, heavy longs/shorts + buy and sell to execute signals when daily vwma passes conditions
This is a first draft of a candlestick pattern recognition study. As of now individual candles and some two-candle patterns can be identified. More to come ...
The script highlights the Hammer, Hanging Man, and Shooting Star candlesticks on the main chart screen. Please use an oscillator that shows oversold and overbought conditions with this script.
This indicator Scans for Divergence and Hammer and inverted Hammer and doji after the first oversold spike must come with divergence a doji or a hammer is armed depending on the time frame is the capitulation candle that is collected u can then buy or sell
This script tries to identify the candles that have Hammer & Hanging Man & Inverted Hammer & Shooting Star patterns