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Candle - Hammer
Hammer - A single candlestick formation that occurs when a small real body
forms at the top of the trading range and produces a long lower shadow line. The candle has no, or a very short, upper shadow. The lower shadow is at least twice as long as the body and the color of the body is either black or white. This formation occurs at the bottom of a downtrend and is a bullish reversal candle.


Candle - Hammer

If(Abs((H+L)/2)<Ref(Mov(C,10,E),-1), {down trend}
If(Min(OPEN,C)>H-((H-L)/3), {body in upper 1/3}
If(C<Ref(C,-1),If(OPEN<Ref(OPEN,-1), {body gap}
1,0),0),0),0)

 

Source / From: TOP
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