30 Minute hammer reversal

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09/14/2018 at 9:04 AM #80448 quote

Yas1311
Participant

New

Hi guys please can you help setup a screener for the following.

A 30 minute hammer candle which has gone from low and closed near high

the candles low to high is 5% or more of the company price

thank you!

09/14/2018 at 11:00 AM #80480 quote
Nicolas
Keymaster

Legend
This screener’s code should work as intended:
```
body=close-open
abody=abs(body)
if range>0 then
ratio=abody/range
else
ratio=0
endif
shadowtop=high-bodytop
shadowbottom=bodybottom-low
bodytop=max(open, close)
bodybottom=min(open, close)
longcandle= (ratio>0.6)
Hammer=(longcandle[1] and low<low[1] and shadowbottom>2*abody and shadowtop<0.3*abody) and range/close>0.05

screener[Hammer](range/close)
```
5% is a big candlestick, it filters a lot the results.
09/28/2018 at 8:46 AM #81520 quote

Yas1311
Participant

New

thanks very much for your help!

09/28/2018 at 8:56 AM #81524 quote

Yas1311
Participant

New

Sorry just one more thing would you be able to add to the above code to find those stocks which are 20% or less away from 52 week highs.

thanks in advance

09/28/2018 at 12:42 PM #81538 quote
Nicolas
Keymaster

Legend
Sure, try this new code, I added the weekly Close / 52 weeks HighestHigh ratio as the criteria:
```
timeframe(weekly)
wratio = close/Highest[52](high)[1]
lessthan20 = wratio>=0.8

timeframe(default)
body=close-open
abody=abs(body)
if range>0 then
ratio=abody/range
else
ratio=0
endif
shadowtop=high-bodytop
shadowbottom=bodybottom-low
bodytop=max(open, close)
bodybottom=min(open, close)
longcandle= (ratio>0.6)
Hammer=(longcandle[1] and low<low[1] and shadowbottom>2*abody and shadowtop<0.3*abody) and range/close>0.05 and lessthan20

screener[Hammer](wratio)
```
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