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Autarch_Capital

HG Scalpius H & SS Scan

Autarch_Capital  
Candlestick Analysis hammercandle Hammer Shooting Star hg scalpius
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candlestick hammercandle hammer shootingstar hg scalpius
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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