Watch how to download trading robots for free
Find us on Telegram!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
Indicators

Custom Hammer and Inverted Hammer - indicator for MetaTrader 5

Views:
3924
Rating:
(5)
Published:
2023.11.18 17:46
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

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 for inverted hammer.




Six Soldiers Six Soldiers

Six bulls or six bear continuous candles

Body Wick Comparison Body Wick Comparison

Checks if either upper or lower Wick range of a candlestick is greater than Body range of a candlestick and plot a wingding

Wick Engulf Wick Engulf

A wick engulf candlestick pattern

Wickless Breakout Wickless Breakout

Wickless breakout