This indicator allows detection of candlesticks of the type “Hammer”/”Black hanging man” (=1) and “Inverted hammer”/”White gravestone” (=-1) on charts.
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REM Detection of Inverted hammer / White gravestone IF close>open and low=open and (high-close)>=3*(close-open) THEN a=-1 ELSIF close>open and high=close and (open-low)>=3*(close-open) THEN REM Detection of Hammer / Black hanging man a=1 ELSE REM No detection a=0 ENDIF RETURN a |
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