Hammer

Hammer Indicator – indicator MetaTrader 5

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Hammer Indicator - indicator for MetaTrader 5
The Hammer Indicator identifies key candlestick formations, specifically green and red hammers as well as inverted hammers, on a MetaTrader 5 chart. It is designed to highlight potential reversal points in price by analyzing the candlestick structure on each bar. A hammer is generally characterized by a small body and a long lower wick, indicating … Read more

Custom Hammer and Inverted Hammer – indicator MetaTrader 5

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Custom Hammer and Inverted Hammer - indicator for MetaTrader 5
This indicator has an input field multiplication factor, where user can input any value to detect custom hammer or inverted hammer It will plot specified color from input Example : If multiplication factor is 1.25 then it will look for any hammer where shadow of a hammer is minimum 1.25x of body and vice versa … Read more