//version=5
indicator("Hammer Alert", overlay=true)
// Hammer Candlestick Definition (basic)
isHammer = close > open and
((high - low) > 3 * (close - open)) and
((close - low) / (0.001 + high - low) > 0.6) and
((open - low) / (0.001 + high - low) > 0.6)
// Plot Hammer Pattern on Chart
plotshape(isHammer, style=shape.labelup, location=location.belowbar, color=color.green, size=size.small, text="Hammer")
// Alert Condition
alertcondition(isHammer, title="Hammer Detected", message="Hammer candlestick pattern detected!")
indicator("Hammer Alert", overlay=true)
// Hammer Candlestick Definition (basic)
isHammer = close > open and
((high - low) > 3 * (close - open)) and
((close - low) / (0.001 + high - low) > 0.6) and
((open - low) / (0.001 + high - low) > 0.6)
// Plot Hammer Pattern on Chart
plotshape(isHammer, style=shape.labelup, location=location.belowbar, color=color.green, size=size.small, text="Hammer")
// Alert Condition
alertcondition(isHammer, title="Hammer Detected", message="Hammer candlestick pattern detected!")
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.