Hammer Star

Hammer and Star Bar Formation Indicator for MT5

This powerful MT5 indicator helps traders quickly spot key reversal patterns, including Hammer and Star Bar formations, directly on your charts.

With this tool, you can:

  • Identify potential trend reversals as they form.

  • Make well-informed trading decisions.

  • Potentially increase profits by entering trades at optimal points.

Customizable Settings Include:

  • Period to find highs/lows: Determines if the bar’s high (for Star) or low (for Hammer) exceeds the highs/lows of the previous X bars.

  • Wick-to-body ratio: Ensures the top/bottom wick is X times larger than the bar’s body.

  • Opposite wick ratio: Confirms the opposite wick is X times bigger than the signal wick.

  • Alerts: Push notifications to mobile or chart comment messages.

  • Recommended TF: High timeframes like H1 for more reliable signals.

Why this indicator stands out:

  • Works for both beginners and seasoned traders.

  • Fully customizable to suit your trading style.

  • Does not redraw, ensuring reliable signals.

Don’t miss out on this essential tool - enhance your trading strategy with the Hammer & Star Bar Formation indicator for MT5 today!

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ATy Gold and BTC  Join my MQL5 channel to update the latest news from me.  My community of over 80,000 members on MQL5 ATbot : How It Works and How to Use It How It Works The "AtBot" indicator for the MT5 platform generates buy and sell signals using a combination of technical analysis tools. It integrates Simple Moving Average (SMA), Exponential Moving Average (EMA), and the Average True Range (ATR) index to identify trading opportunities. Additionally, it can utilize Heikin Ashi candles to en
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Garry James Goodchild
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Indicators
BTMM State Engine Pro is a MetaTrader 5 indicator for traders who use the Beat The Market Maker approach: Asian session context, kill zone timing, level progression, peak formation detection, and a multi-pair scanner from a single chart. It combines cycle state logic with a built-in scanner dashboard so you do not need the same tool on many charts at once. What it does Draws the Asian session range; session times can follow broker server offset or be set in inputs. Tracks level progression (L
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Bogdan Ion Puscasu
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