The Hammer is a candlestick consisting of a small body and a long lower wick, while the upper wick is non-existent or very small. When the hammer forms in a bearish trend it indicates a change in market psychology and thus marks a probability of a bullish reversal.
The screener scans the market for Hammers. Our Hammers Indicator is provided with the screener to visualize the spotted figure directly on the chart.
A general filtering based on the stock price, as well as on the volume of exchanges, makes it possible to choose the desired level of liquidity.
Different parameters can be adjusted to return only the Hammers that meet your own criteria. All these settings are made without modifying the code, in a very simple way in the "variables" menu of the screener :
Adjustable validation criteria :
Available filters :
General filter :
Video user guide (english subtitles available) :
Details of available settings :
Disclaimer
Our proposed tools (indicators and screeners) are not investment advices but tools allowing everyone to find specific graphic configurations.
Investing in the financial markets involves risks up to and including the total loss of capital.
The user of the proposed tools understands and accepts that the use of these tools is under his sole and entire responsibility. P2C Trading declines all responsibility in the use of the tools and the consequences that would result.
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