Hammer, shooting star, inverted hammer and hanging man screener

• 10/15/2020 at 2:43 PM #147488
  James.adejare

  Hi,

  Can you help with a screener for Hammer, shooting star, inverted hammer and hanging man screener? and a small or no upper shadow for the hammer/hanging man and vice versa for the inverted hammer/shooting star.

  I hope I made sense.

  PS- I’ve looked up the link for the candlestick indicators but they come up different (less accurate if directly changed to screeners- they highlight less).

  I’ll be grateful if you can help.

  Thanks.

   

  

  James.adejare

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  10/15/2020 at 3:12 PM #147492
  robertogozzi

  Some definitions can be found here:

  https://www.prorealcode.com/prorealtime-indicators/candlestick-pattern-indicator-2-0/

  https://www.prorealcode.com/prorealtime-indicators/candlestick-patterns-recognition/

  if you disagree with those definitions, please post your own.

   

  

  robertogozzi

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  10/15/2020 at 3:23 PM #147493
  James.adejare

  Hi,

  Thanks for the response. I don’t disagree with them but they are indicators; I’m after screeners. Surely there’s a difference in the coding.

  

  James.adejare

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  10/15/2020 at 3:25 PM #147494
  James.adejare

  Maybe most of the visitors/members to this site are experienced but you’ll find that some of us are novices with no experience/capability in coding and need help.

  

  James.adejare

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  10/15/2020 at 11:22 PM #147519
  robertogozzi

  Ok, I will code them with the definitions I found browsing the web (commented out variables are unused, but I included them for any future additions):

  //Bullish = close > open Bearish = close < open Body = abs(close - open) UpperShadow = high - max(open,close) LowerShadow = min(open,close) - low //TotalShadow = range - Body Total = 0 //-------------------------------------------------------------------------------------------------------------------- // Hammer // Ha1 = LowerShadow >= (Body * 3) //Lower Shadow 3 times longer than the body Ha2 = close >= (high-(range * 0.25))//must close in the upper 25% of its range Ha3 = low = lowest[20](low) //its Low must be the lowest one of the last 20 candles (1=disabled) Hammer = Ha1 AND Ha2 AND Ha3 IF Hammer THEN Total = Total + 1 ENDIF //-------------------------------------------------------------------------------------------------------------------- // Shooting Star // Ss1 = UpperShadow >= (Body * 3) //Upper Shadow 3 times longer than the body Ss2 = LowerShadow <= Body //Lower Shadow must be max as large as the body Ss3 = close <= (low+(range * 0.25)) //must close in the lower 25% of its range Ss4 = high = highest[20](high) //its High must be the highest one of the last 20 candles (1=disabled) ShootingStar = Ss1 AND Ss2 AND Ss3 AND Ss4 IF ShootingStar THEN Total = Total + 2 ENDIF //-------------------------------------------------------------------------------------------------------------------- // Inverted Hammer // Ih1 = Bearish[1] //the first candle (the one to the left of the 2-candle pattern) is Bearish Ih2 = LowerShadow <= Body //Lower Shadow must be max as large as the body Ih3 = UpperShadow >= (Body * 2.5) //Upper Shadow 2.5 times longer than the body Ih4 = open <= close[1] //the open must be <= to the previous candle's close InVertedHammer = Ih1 AND Ih2 AND Ih3 AND Ih4 IF InVertedHammer THEN Total = Total + 4 ENDIF //-------------------------------------------------------------------------------------------------------------------- // Hanging Man // Hm1 = UpperShadow <= Body //Upper Shadow must be max as large as the body Hm2 = LowerShadow >= (Body * 2) //Lower Shadow 2 times longer than the body Hm3 = close >= (high - (range / 3)) //must close in the upper third of its range HangingMan = Hm1 AND Hm2 AND Hm3 IF HangingMan THEN Total = Total + 8 ENDIF //-------------------------------------------------------------------------------------------------------------------- // SCREENER[Total](Total AS "Total")

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52

  //Bullish      = close > open Bearish        = close < open Body           = abs(close - open) UpperShadow    = high - max(open,close) LowerShadow    = min(open,close) - low //TotalShadow  = range - Body Total          = 0 //-------------------------------------------------------------------------------------------------------------------- // Hammer // Ha1            = LowerShadow >= (Body * 3)     //Lower Shadow 3 times longer than the body Ha2            = close >= (high-(range * 0.25))//must close in the upper 25% of its range Ha3            = low = lowest[20](low)         //its Low must be the lowest one of the last 20 candles (1=disabled) Hammer         = Ha1 AND Ha2 AND Ha3 IF Hammer THEN    Total = Total + 1 ENDIF //-------------------------------------------------------------------------------------------------------------------- // Shooting Star // Ss1            = UpperShadow >= (Body * 3)     //Upper Shadow 3 times longer than the body Ss2            = LowerShadow <= Body           //Lower Shadow must be max as large as the body Ss3            = close <= (low+(range * 0.25)) //must close in the lower 25% of its range Ss4            = high = highest[20](high)      //its High must be the highest one of the last 20 candles (1=disabled) ShootingStar   = Ss1 AND Ss2 AND Ss3 AND Ss4 IF ShootingStar THEN    Total = Total + 2 ENDIF //-------------------------------------------------------------------------------------------------------------------- // Inverted Hammer // Ih1            = Bearish[1]                    //the first candle (the one to the left of the 2-candle pattern) is Bearish Ih2            = LowerShadow <= Body           //Lower Shadow must be max as large as the body Ih3            = UpperShadow >= (Body * 2.5)   //Upper Shadow 2.5 times longer than the body Ih4            = open <= close[1]              //the open must be <= to the previous candle's close InVertedHammer = Ih1 AND Ih2 AND Ih3 AND Ih4 IF InVertedHammer THEN    Total = Total + 4 ENDIF //-------------------------------------------------------------------------------------------------------------------- // Hanging Man // Hm1            = UpperShadow <= Body           //Upper Shadow must be max as large as the body Hm2            = LowerShadow >= (Body * 2)     //Lower Shadow 2 times longer than the body Hm3            = close >= (high - (range / 3)) //must close in the upper third of its range HangingMan     = Hm1 AND Hm2 AND Hm3 IF HangingMan THEN    Total = Total + 8 ENDIF //-------------------------------------------------------------------------------------------------------------------- // SCREENER[Total](Total AS "Total")

  The result can be 1, 2, 4, 8 or any combinations of them (9 means that the current candlestick can be a Hanging Man or a Hammer, its position on the chart may help you tell one from the other).

  4 users thanked author for this post.

  f1_maik, SkippyTrader, RubberToe, James.adejare

  

  robertogozzi

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  10/19/2020 at 6:19 AM #147687
  James.adejare

  Thanks a lot @robertogozzi. It works very well. You’re a star.

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  robertogozzi

  

  James.adejare

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  06/10/2022 at 1:53 PM #195057
  moto

  There must be something wrong, it does´t work. Thanks anyway

   

  

  moto

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  06/10/2022 at 2:59 PM #195065
  robertogozzi

  @moto

  it was working fine on October 19th, 2020.

  Is your code the SAME as above?

  What isn’t working?

   

  

  robertogozzi

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