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This indicator will allow you to visualize hammers in bearish trend directly on the graph. The parameters defining the hammer are adjustable very easily, and without coding any word, to allow everyone having the indicator according their own criterias.

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The indicator points hammers in bearish trend through a black arrow under the candle. Can be used on all time frames, from the smallest to the largest.

 

The criteria, characteristics, of the hammer are adjustables in a very simple way and without having to modify any line of the code. Just click on “Configure” 🔧 to  change many settings.

 

 

 

 

 

 

Because everyone has his own criteria to validate a hammer, then everyone has the possibility to modify the searching criterias for hammers.

 

Adjustable validation criteria :

  • Lower wick length,
  • Upper wick length,
  • Bearish trend before the Hammer,
  • Maximum penetration in the previous candle.

 

Available filters :

  • Previous candle red,
  • Risk / reward ratio greater than 1,
  • Confirmation candle.

 

Characteristics :

  • Works on all TimeFrames
  • ProRealTime V11 and later versions compatible,
  • Free ProRealTime (daily closings) compatible,
  • Automatic and free updates.

 

Watch the video user’s guide on our Youtube channel, subtitles available in English :

 

 

The values shown above are given, as examples and do not constitute an optimal or recommended setting, everyone should find his own settings.

🇫🇷 Marteau / 🇮🇹 Martello / 🇩🇪 Hammer / 🇪🇸 Martillo

 

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