Market / MetaTrader 5 / Indicators /

Hammer Star

FREE

Published: 23 January 2023

Current version: 1.0

Hammer Star

This powerful tool is designed to help traders identify key reversal patterns in their charts, including the hammer and star bar formations.

With this indicator, you can quickly and easily spot these patterns as they form, allowing you to make well-informed trades and potentially increase your profits.

The Hammer Start indicator is customizable, allowing you to set your own parameters for identifying patterns and alerts.

Whether you're a seasoned trader or just starting out, the Hammer and Star Bar Formation indicator for MT5 is a must-have tool for any trader looking to increase their chances of success.

Don't miss out on this powerful trading tool - get your hands on the Hammer and Star Bar Formation indicator for MT5 today!

Settings that provided in indicator:

Period to find high/low above/below the nearest X bars

It is mean the high of bar for failing star must be higher than highs of X bars before.

Or the low of bar for hammer star must be lower than lows of X bars before.

Top/bottom wick must be X times bigger than body

It is mean the higher wick of failing star bar must be X times bigger than body.

Or the lowest wick of the hammer bar must be bigger X times than body.

Opposite wick must be X times bigger than signal wick

It is mean the higher wick of failing star bar must be X times bigger than lower wick.

Or the lowest wick of the hammer bar must be bigger X times than higher wick.

Alert
Push to mobile MT5
Comment to message (alert/PUSH)

High TF like H4 is recommended.

Indicator is not redraws.

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