Inverted Hammer

The Inverted Hammer candlestick pattern indicator generally signals a bearish continuation but can also be used for bullish trend reversals. This indicator works by generating a sell and/or buy trade signal once the pattern has formed.

For more information about this candlestick pattern, check out thepatternsite.com.

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.