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 Hammers indicator allows you to visualize at a glance the Hammers on charts by indicating them with a black arrow under the candle.
Different parameters can be adjusted to display only the Hammers that meet your criteria. All these settings are made without modifying the code, in a very simple way in the configuration menu of the indicator.
Adjustable validation criteria :
Available filters :
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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