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Weekly Hammer Reversal Scanner V2

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## Weekly Hammer Reversal Scanner V2

The **Weekly Hammer Reversal Scanner V2** is designed to identify potential bullish reversal setups based on weekly hammer candlestick patterns combined with additional technical confirmation.

Rather than identifying every candle that technically qualifies as a hammer, the scanner uses multiple filters to help isolate stronger setups.

### What the Scanner Looks For

A qualifying setup can include:

* **Weekly Hammer Pattern** — A small candle body with a lower wick at least 2× the size of the body and a relatively small upper wick.
* **Strong Weekly Close** — The stock must close toward the upper portion of its weekly trading range.
* **Prior Downtrend** — Helps identify hammers occurring after recent selling pressure rather than during an already extended move.
* **20-Week / 50-Week Moving Average Support** — Identifies hammers forming near potentially important longer-term technical levels.
* **Volume Confirmation**

Penafian

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