Hammer

The Hammer candlestick pattern indicator generally signifies the end of a bear market or a downtrend. This indicator works by generating buy signals after the pattern has formed. For more information about this candlestick pattern, please check out thepatternsite.com. This Candlestick Pattern gives strong trade signals at higher time intervals and can be great at buying in at the end of a bear trend.

Your position determines the trade signal used for this indicator! If you are in a bought position, the trade signal will be a sell signal. If you are in a sold position, the trade signal will be a buy signal. You can set this indicator to produce the signals you want by ONLY enabling those trade signals on the left of the candlestick pattern indicator screen.