Hammer Screeners for ProRealTime

The Hammer Screeners automatically scan financial markets to find instruments showing Hammer candlestick patterns based on customizable detection criteria.

This product includes two complementary Screeners for ProRealTime:

• Standard Screener: searches for Hammer patterns on the timeframe selected in ProRealTime, analyzing one timeframe at a time.
• Multi-Timeframe Screener: simultaneously scans up to 8 intraday timeframes: 1, 2, 5, 15 and 30 minutes, plus 1, 2 and 4 hours. Each timeframe can be enabled or disabled individually, and results are grouped by timeframe.

Both Screeners help you identify instruments matching your criteria without having to examine each chart individually.

Customizable Settings

Adapt the search to your own trading criteria directly from ProRealTime’s Variables menu, 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

General market filters:

• Minimum price
• Minimum average trading volume
• Adjustable average volume period
• Volume calculation based on the number of shares or traded value

These general filters use daily data to help you select instruments according to your preferred price and liquidity criteria.

Characteristics

• Standard Screener and intraday Multi-Timeframe Screener included
• Standard Screener works on all timeframes
• Multi-Timeframe Screener scans up to 8 intraday timeframes
• Compatible with ProRealTime V11 and later
• Compatible with the free version of ProRealTime (daily closing prices)
• Settings adjustable without modifying the code
• Hammer Indicator included
• Free automatic updates

Video Presentation

Video in French – English subtitles available.