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Candle Pattern Detection

Scan stocks and match your trading strategy

Customizable real-time scanning using any or all pre-programmed indicators to identify trading opportunities.

Candle Pattern Detection

HAMMER can do Candle Pattern Detection, on charts – using a custom Candle Patterns option, in paintbars or in scans.

Candle pattern detection is highly susceptible to certain definitions such as what is a “long” or a “short” candle pattern, what defines a “doji”, and how to determine whether a candle wick is short or long.
HAMMER provides an extensive list of patterns with various tweaking parameters.

Candle Pattern Selection window allow you to specify which patterns to detect and how to display them on the chart.