Hammer Indicator for ProRealTime

The Hammer Indicator automatically identifies and displays Hammer candlestick patterns directly on your ProRealTime charts.

Detected Hammers are marked by a black arrow below the candle, making them easy to spot when analyzing price movements.

The indicator works across all timeframes and offers customizable detection criteria and filters.

Customizable Settings

Adapt the indicator to your own trading criteria directly from the Configuration menu in ProRealTime, without modifying the code.

Adjustable validation criteria:

• Minimum lower wick length
• Maximum upper wick length
• Bearish trend before the Hammer
• Maximum penetration into the previous candle

Available filters:

• Previous candle bearish
• Risk/reward ratio greater than 1, based on an adjustable moving average
• Hammer confirmation by the following candle

These settings allow you to customize which Hammer patterns are displayed on your charts.

Characteristics

• Works on all timeframes
• Compatible with ProRealTime V11 and later
• Compatible with the free version of ProRealTime (daily closing prices)
• Settings adjustable without modifying the code
• Automatic and free lifetime updates

Video Presentation

Looking for Hammer Patterns Across the Market?

To search for stocks matching Hammer detection criteria, discover our Hammer Screeners.

The Indicator displays Hammer patterns on your charts, while the Screeners help you find matching instruments across the market.

The Hammer indicator is included in the Hammer Screener.