Charts are the workhorse and one of the main features of HAMMER.
- Efficient implementation – allows you to easily run dozens or more real-time charts at the same time on an average PC. The number of concurrently open charts is only limited by your CPU and memory.
- Fully configurable charts – ribbon/toolbars, colors, indicators, and various other features that can be shown. You can adjust the periods, frequency, timeframes, indicators and annotations colors.
- Drawing tools on the charts – You may create templates, configuring a chart exactly the way you like, with the chart type, correct period, frequency and indicators that you require, and store this configuration to use it later.
- Tracing – it means having a moving cross-hair on the chart that allows you to find out exact values of candles and indicators at a particular point. When Trace Panel is shown, it can be moved by dragging it inside the chart to a different preferred location.
Time-based Chart Types
(with continuous bottom time axis)
- Line – a line graph that shows the Close value for every time period.
- Line Tick – a line graph that shows every tick for the symbol – that is, every time a trade occurs, a new point on the graph is added.
- Candle – each candle shows the Open, High, Low and Close values for a time period.
- OHLC – each bar shows the Open, High, Low and Close values for a time period.
Non-Time-Based Chart Types
- Tick Candle and Tick OHLC – each candle or bar shows the Open, High, Low and Close for a certain number of ticks – that is, trades.
- Volume Candle and Volume OHLC – each candle or bar shows the Open, High, Low and Close for a certain volume of shares traded.
- Range Candle and Range OHLC – each candle or bar shows the Open, High, Low and Close for a certain range of price movement.
- Renko – chart type popular in Japan that attempts to filter out small price movements.
For all Candle or OHLC charts, the following modifications are possible:
- Heiken Ashi – uses the open-close data from the prior period and the open-high-low-close data from the current period to create a combo candlestick.
- Staircase – Removes the gaps between candles by making the Close of the candle always equal to the next candle’s open.
For historical charts, the following modification is available:
- Logarithmic Scale – can be applied to all chart types, changes how the Y scale is calculated and displayed.
- Change the colors
- Line thickness
- Copy, etc.
There is an Annotations Unique Per Chart setting – this controls whether the annotations you draw are shared between several same-symbol charts or only shown on the chart on which you drew it.
Drawing a Fibonacci Retracement on the chart, you can make it automatically place itself on the high/low of the visible portion of the chart.
- Bollinger bands
- Camarilla Pivots
- Chandelier exit
- Alligator and many more