Hammer & Shooting Star — Strategy
Hammer & Shooting Star Strategy for Intraday Trading
This strategy identifies two candlestick patterns commonly used in technical analysis:
Hammer Candles (a bullish reversal signal):
A hammer candle has a small body at the top with a long lower wick. The strategy goes long on the next bar open when a hammer is detected, with a stop loss at the low of the hammer bar and a target at the high.
Shooting Star Candles (a bearish reversal signal):
A shooting star candle has a small body at the bottom with a long upper wick. The strategy goes short on the next bar open when a shooting star is detected, with a stop loss at the high of the shooting star bar and a target at the low.
This strategy identifies two candlestick patterns commonly used in technical analysis:
Hammer Candles (a bullish reversal signal):
A hammer candle has a small body at the top with a long lower wick. The strategy goes long on the next bar open when a hammer is detected, with a stop loss at the low of the hammer bar and a target at the high.
Shooting Star Candles (a bearish reversal signal):
A shooting star candle has a small body at the bottom with a long upper wick. The strategy goes short on the next bar open when a shooting star is detected, with a stop loss at the high of the shooting star bar and a target at the low.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.