## help with inverted hammer indicator?

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chancee90046
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### help with inverted hammer indicator?

Can anyone please help me arrange this code so that it shows the opposite of a hammer/hanging man... which I guess would be a shooting star or inverted hammer? My goal is to create an indicator that will show me when a candle has formed that has a small body and upper tail, with no or hardly any lower tail. Basically exactly what the hammer show me indicator does - except the opposite. Any help would be much appreciated. -Chance.

{ Candlestick ShowMe }

inputs: Length( 14 ), Factor( 2 ) ;
variables: oHammer( 0 ), oHangingMan( 0 ) ;

Value1 = C_Hammer_HangingMan( Length, Factor, oHammer, oHangingMan ) ;

if oHammer = 1 then
begin
Plot1( High, "Hammer" ) ;
Alert( "Hammer" ) ;
end
else if oHangingMan = 1 then
begin
Plot2( Low, "HangMan" ) ;
Alert( "HangingMan" ) ;
end ;

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obx
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Chancee,

Likely you haven't gotten responses bcse your requirements aren't as defined as you might first assume. I suggest you create an EL function (with a different name but using same C_ naming conventions) using the following code as a template

Code: Select all

`inputs:    Length( numericsimple ),    Factor( numericsimple ),    oHammer( numericref ),    oHangingMan( numericref ) ;variables:    BodyHi( 0 ),    BodyLo( 0 ),    Body( 0 ),    PriceAvg( 0 ),    BodyAvg( 0 ) ;BodyHi = MaxList( Close, Open ) ;BodyLo = MinList( Close, Open ) ;Body = BodyHi - BodyLo ;PriceAvg = XAverage( Close, Length ) ;BodyAvg = XAverage( Body, Length ) ;oHammer = 0 ;oHangingMan = 0 ;if Body < BodyAvg            { BODY SMALL }   and Body > 0            { ...BUT NOT ZERO... }   and BodyLo > MedianPrice            { ...AND IN UPPER HALF OF RANGE }   and BodyLo - Low > Factor * Body             { LOWER SHADOW MUCH LARGER THAN BODY }   and High - BodyHi < Body             { UPPER SHADOW SMALLER THAN BODY }then   if Close < PriceAvg then             { TREND IS down }      oHammer = 1    else if Close > PriceAvg then            { TREND IS up }      oHangingMan = 1 ;C_Hammer_HangingMan = 1 ;`

edit the logic in the condition
if Body < BodyAvg { BODY SMALL } and
Body > 0{ ...BUT NOT ZERO... } and
BodyLo > MedianPrice{ ...AND IN UPPER HALF OF RANGE }and
BodyLo - Low > Factor * Body { LOWER SHADOW MUCH LARGER THAN BODY } and
High - BodyHi < Body { UPPER SHADOW SMALLER THAN BODY }
to do what you want it to do
(ie the <'s change to > and/or BodyHi's change to BodyLo, etc )

then use the 'hanging man' showme as a template to create a new show me and call your new function in it...

hth

chancee90046
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Nice... thanks so much. It took me a while but I got it. Much appreciated. Chance

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