Hammer Alert? | Forex Factory

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Hammer Alert?

  • #1
  • First Post: Dec 30, 2006 8:08am Dec 30, 2006 8:08am
You all happen to know if there is hammer alert indicator somewhere?
Just would like to have an alert when a hammer is on the chart.
Not even sure if this can be programmatically defined.

Thank you.
Steve
  • #2
  • Dec 30, 2006 8:39am Dec 30, 2006 8:39am
This might help. I do not use MT anymore but still have it installed and a whole bunch of indicators.
Attached File(s)
File Type: mq4 Pattern Recognition.mq4   14 KB | 2,287 downloads
Stubbornly persistent
  • #3
  • Dec 30, 2006 8:44am Dec 30, 2006 8:44am
Quoting sergiu
This might help. I do not use MT anymore but still have it installed and a whole bunch of indicators.
That was quick, that you very much!!
Steve
  • #4
  • Jan 5, 2007 3:32am Jan 5, 2007 3:32am
Quoting sergiu
This might help. I do not use MT anymore but still have it installed and a whole bunch of indicators.
Thanks a lot for sharing!
  • #5
  • Jan 5, 2007 8:32am Jan 5, 2007 8:32am
  •  tesla
  • | Joined Oct 2006 | Status: Friendly Neighborhood Programmer | 533 Posts
Here's what I use. It sends me an email whenever there's a 'pinbar'. The EA does the alerting (does no trading) and requires the indicator.

The indicator is adjustable to define the required length of the shadow, how far out the shadow extends compared to previous bars, etc.

I haven't touched the code recently but I intend to add alerts for other price patterns.

Quick Note: For timeframes of an hour and longer, it will send an alert 3 minutes before the end of bar if the pattern matches. For shorter timeframes it waits until the bar is complete.

http://img114.imageshack.us/img114/5558/pinbarcc8.gif
Attached File(s)
File Type: mq4 Pattern Alert.mq4   1 KB | 2,629 downloads
File Type: mq4 Price Action v2.mq4   4 KB | 2,484 downloads
  • #6
  • Jan 5, 2007 8:45am Jan 5, 2007 8:45am
thanks for sharing these EAs
  • #7
  • Jan 5, 2007 2:09pm Jan 5, 2007 2:09pm
Quoting tesla
Here's what I use. It sends me an email whenever there's a 'pinbar'. The EA does the alerting (does no trading) and requires the indicator.

The indicator is adjustable to define the required length of the shadow, how far out the shadow extends compared to previous bars, etc.

I haven't touched the code recently but I intend to add alerts for other price patterns.

Quick Note: For timeframes of an hour and longer, it will send an alert 3 minutes before the end of bar if the pattern matches. For shorter timeframes it waits until the bar is complete.
Have you only use the pinbar for daily trading, I am wondering how good it is for other timeframes?
  • #8
  • Jan 5, 2007 2:15pm Jan 5, 2007 2:15pm
  •  tesla
  • | Joined Oct 2006 | Status: Friendly Neighborhood Programmer | 533 Posts
Quoting et_phonehome_2
Have you only use the pinbar for daily trading, I am wondering how good it is for other timeframes?
Hourly and above. If you're looking for an expert opinion, check out the James16 Chart Thread.

As a note, I don't trade just because there's an alert. The alert is basically to tell me "hey, take a look, you might want to see this".
  • #9
  • Last Post: Apr 22, 2007 1:20pm Apr 22, 2007 1:20pm
this alert looks like the perfect tool for someone who can't be in front of the screen 24-7.
Unfortunately I'm only able to use MT3 at the moment. has anyone programmed this indicator for MT# do you know?
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