StockFetcher Forums · Filter Exchange · Better Candlestick Hammer<< >>Post Follow-up
1 posts
msg #108407
Ignore rdsulli
10/17/2012 12:46:35 PM

Anyone have a better candlestick hammer formula. Something that will find hammers where the tail is at least twice as long as the body, and a tiny wick is okay?

683 posts
msg #108411
Ignore duke56468
10/17/2012 2:00:59 PM

This one from mika seems to work

close minus low is more than 300 above open minus high
and volume is above volume 1 day ago
and volume is above average volume(5)
and close 1 day ago is below MA(4)
and MA(4) is below MA(6)
and close is above open
and lrs(45) is above 0
and average volume(30) is above 90000
and low is between 0.7 and 4.7

3,317 posts
msg #108415
Ignore four
10/17/2012 11:28:03 PM


639 posts
msg #108428
Ignore mahkoh
10/19/2012 4:50:12 AM


set{body,close - open}
set{wick,open - low}
require above 2 do not draw require
upperwick above 0.998 do not draw upperwick

StockFetcher Forums · Filter Exchange · Better Candlestick Hammer<< >>Post Follow-up

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