Custom Hammer and Inverted Hammer - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The indicator has an input field multiplier where the user can enter any value to detect custom hammer or inverted hammer
It will draw the specified color based on the input
Example: If the multiplication factor is 1.25, then it will find any hammer where the hammer's shadow is at least 1.25 times the body, and vice versa for an inverted hammer.
Attachment download
📎 wick_50_perc.mq5 (2.86 KB)
Source: MQL5 #47293
Custom Hammer and Inverted Hammer - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Custom Hammer and Inverted Hammer - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •