Updated
Inverted Hammer - Extended Options
This inverted hammer indicator has several options that help identify instances with a higher probability of success.
For example, inverted hammers may have a higher success rate when they:
- Breaks the previous day's high
- Close higher than the previous close
- Have a large upper wick
- Have a small lower wick
etc.
Play with the options on your chart of choice to see which options are more likely to indicate bottoms.
For example, inverted hammers may have a higher success rate when they:
- Breaks the previous day's high
- Close higher than the previous close
- Have a large upper wick
- Have a small lower wick
etc.
Play with the options on your chart of choice to see which options are more likely to indicate bottoms.
Release Notes
Fixed "Min Body % of Candle" calculation
Technical analysis should be made as simple as possible, but no simpler. --Albert Einstein
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.
Technical analysis should be made as simple as possible, but no simpler. --Albert Einstein
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.