StockSharp.Strategies.0059_Hammer_Candle.py

Hammer Candle Reversal (Python Version)

Hammer candles often mark an intraday reversal after selling pressure subsides. This strategy looks for a hammer pattern and enters long, anticipating a rebound.

The system requires a lower shadow at least twice the body and little upper shadow. Once identified, it buys with volume size and waits for profit or stop-loss.

Details

• Entry Criteria: Hammer candle detected.
• Long/Short: Long only.
• Exit Criteria: Stop-loss or discretionary exit.
• Stops: Yes.
• Default Values:
  • CandleType = TimeSpan.FromMinutes(5)
• Filters:
  • Category: Pattern
  • Direction: Long
  • Indicators: Candlestick
  • Stops: Yes
  • Complexity: Basic
  • Timeframe: Intraday
  • Seasonality: No
  • Neural Networks: No
  • Divergence: No
  • Risk Level: Medium