OPEN-SOURCE SCRIPT
Hammer & Shooting Star [C] - Kaspricci
Hammer and Shooting Star
This indicator identifies Hammer and Shooting Star candles and marks them with a respective label. It uses a set of predefined fibonacci levels to measure the size of the body in comparison to the overall size of the candle. You can change the fibonacci level according to your preferences.
You can enable a confirmation of the Hammer or Shooting Star candle by a following green or red candle.
Settings
Alerts
You can create alerts for Hammer and Shooting Star candles. The indicator provides the respective conditions.
Linking with Backtesting Strategy
I also added a feature to combine this indicator with a backtesting strategy. It provides a plot Connector [C] which can be selected in a backtesting strategy supporting this linking feature.
Signals:
You can see the signal values in the status line of the indicator. This is based on the External Signal Protocol defined by PineCoders.
This indicator identifies Hammer and Shooting Star candles and marks them with a respective label. It uses a set of predefined fibonacci levels to measure the size of the body in comparison to the overall size of the candle. You can change the fibonacci level according to your preferences.
You can enable a confirmation of the Hammer or Shooting Star candle by a following green or red candle.
Settings
- Fibonacci Level - Select on of the predefined fibonacci levels as a threshold for the maximum size of the body compared to the overall size of the candle.
- Confirm by next candle - by default turned off. If turned on, this will check the subsequent candle and only mark a Hammer followed by a green candle or a Shooting Star followed by a red candle.
- Show labels on chart - by default turned on. If turned off, the indicator will hide the labels on the chart.
Alerts
You can create alerts for Hammer and Shooting Star candles. The indicator provides the respective conditions.
Linking with Backtesting Strategy
I also added a feature to combine this indicator with a backtesting strategy. It provides a plot Connector [C] which can be selected in a backtesting strategy supporting this linking feature.
Signals:
- Signal: 2 - Hammer candle (long entry)
- Signal: -2 - Shooting Start candle (short entry)
You can see the signal values in the status line of the indicator. This is based on the External Signal Protocol defined by PineCoders.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.