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Hammer & Inverted Hammer Indicator

Category: Indicators By: Henry Created: November 24, 2016, 1:37 PM

November 24, 2016, 1:37 PM

Indicators

9 Comments

candlestickcandlestickshammerinverted hammer

The Hammer & Inverted Hammer indicator to add directly on the price chart. Only compatible with ProRealTime version 10.3 and above.

REM Detection of Inverted hammer / White gravestone
IF close>open and low=open and (high-close)>=3*(close-open) THEN
 DRAWARROWDOWN(barindex, high+2*pointsize)
 DRAWTEXT("Inverted Hammer", barindex, high+5*pointsize)

ELSIF close>open and high=close and (open-low)>=3*(close-open) THEN

 REM Detection of Hammer / Black hanging man
 DRAWARROWUP(barindex, low - 2* pointsize)
 DRAWTEXT("Hammer", barindex, low-5*pointsize)
ENDIF

RETURN

Download

Filename: Hammer-and-Inverted-hammer.itf

Downloads: 551

Henry Average

Hi! I'm moderating the English speaking forum on my free time. I'll try to answer your questions as good as I can and I also post the answers to code requests that were addressed directly to ProRealTime.

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Comments

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Percygreen77

8 years ago

good evening sorry for my english but the indicator don't work can you help me i have 10.3 version of prorealtime ; start only a new window below the screen with the price but always black nothing more

Nicolas

8 years ago

By adding it on price, it should display the pattern detection on the price chart, and not in a separated window below.

Kam Mahey

8 years ago

Hi all, How would i get this to work on an intra-day 5min chart?

Nicolas

8 years ago

Hi, there's no reason why it should not work on a 5 min chart. Just apply the indicator on your price chart and you're ok.

Jean-Pierre Poulain

10 years ago

Hello,

I am in version 10.3 but it does not work

davidspain

10 years ago

It would be possible to use this screener at the same time than the recent one about high volume?

you are doing a great job as I can see Nicolas! Congrats!

kajsy88

10 years ago

I'm using prorealtime suplied by ig markets so that's potentially why then !

kajsy88

10 years ago

Indicator don't work ?

Nicolas

10 years ago

This indicator is only compatible with Prorealtime 10.3

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