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 Intraday multi timeframe screener scans the market for Hammers simultaneously up to 8 timeframes (1 min, 2 min, 5 min, 15 min, 30 min, 1 hour, 2 hours, 4 hours) to detect all intradays Hammers. Results are sorted according to the timefrmae of the detected Hammer.
Our Hammers Indicator is provided with the screener allowing to visualize directly on the chart the spotted Hammer.
A general filtering based on the stock price, as well as on the volume of exchanges, makes it possible to filter stocks according to their liquidity level.
Many parameters can be adjusted to return only Hammers that meet your own criteria. These settings can be done without modifying the code, in a very easy 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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