Hammer on EMA5 screener

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Viewing 7 posts - 1 through 7 (of 7 total)
  • #135845

    Dear all,I wonder if you could help me please. I posted this already before. Tried unsuccessfully to code this. I’d like a screener to fulfil the following criteria:

    LONG

    1. Price closes above EMA5

    2. Bullish hammer crosses and rests on EMA5

    3. EMA5 above EMA20

    4. ADX above 25

     

    SHORT

    1. Price closes below EMA5

    2. Bearish hammer crosses and rests on EMA5

    3. EMA5 below EMA20

    4. ADX above 25

     

    Any help is appreciated.

    Thanks.

    #135879

    There you go (non tested):

     

    1 user thanked author for this post.
    #135925

    Thanks a lot @robertogozzi. I’ll test it and get back to you. Bless.

    #135949

    Hi @robertogozzi, I tried the screener but it didn’t come up with any instruments even though manually, I could see the hammers form on EMA5.

    #135962

    Please report instrument, TF, date and time, so I can check what’s wrong.

    #135987

    It works, despite returning very few signals. I selected ALL shares, currencies and Indices, but only 11 items were found matching the conditions (see attached pic).

    I also realized that, due to the above Hammer difinition, there can be (though rare) times when both signals are true, so I suggest that you get rid of line 19 and append these lines, instead:

     

    #137802

    Hi @robertogozzi, thanks for the code. It works just like you described, few but valid hammers.

    1 user thanked author for this post.
Viewing 7 posts - 1 through 7 (of 7 total)

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