OPEN-SOURCE SCRIPT
Spotting Hammers
This script can be used to spot hammers on the charts, I try to avoid false positives by ignoring candles which have less than 0.25% price difference between open and close.
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 publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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