- Indicator for MT4
- Hammer Pattern indicator
- Age 3+
-
level: Beginner
- English
Author's Instructions
The Hammer Pattern indicator is a practical tool for traders to identify the Hammer pattern on the price chart. The Hammer Candlestick indicator in MetaTrader 4 (MT4) detects the Hammer pattern and marks price reversal points.
It highlights these points by drawing a blue rectangle for the Hammer pattern and a red rectangle for the inverted Hammer pattern, helping traders easily recognize them.
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Author's Instructions
The Hammer Pattern indicator is a practical tool for traders to identify the Hammer pattern on the price chart. The Hammer Candlestick indicator in MetaTrader 4 (MT4) detects the Hammer pattern and marks price reversal points.
It highlights these points by drawing a blue rectangle for the Hammer pattern and a red rectangle for the inverted Hammer pattern, helping traders easily recognize them.