Autarch_Capital

HG Scalpius H & SS Scan

HG Scalpius H & SS Scan

This indicator highlights hammer candles and shooting star candles based on the below definitions:

Hammer = lower wick >= 2* real body and closes in top half of range

Shooting Star = upper wick >= 2*real body and closes in bottom half of range


hammer = (min(open,close)-low)>= (2*abs(open-close)) and close > ((( high-low )/2)+low)
shootingStar = (high-max(open,close))>= (2*abs(open-close)) and close < ((( high-low )/2)+low)
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

Nice; thanks for this.
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