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Please take a look at thiis pcf Rate this Topic:
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lloydrau
Posted : Monday, November 5, 2012 11:02:40 AM
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Joined: 7/15/2010
Posts: 5

(((H-L)>3*(O-C))AND((C-L)/(.001+H-L)>O.6)AND((O-L)/(.001+H-L)>O.6))

This is a pcf for candlestick hammer, I use this in a scan and have gotten no result in 6 months.  Is this  the pcf I should be using in my scan?

I want stocks with a Bullish Candlestick hammer pattern.

Bruce_L
Posted : Monday, November 5, 2012 11:07:19 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

I am not a candlestick guy (at all), but my best guess as to the intent of this formula would be:

H - L > 3 * (O - C) AND C - L > .6 * (H - L) AND O - L > .6 * (H - L)

It should return true when the candle as a whole is more than three times the size of the body and the body is entirely contained within the top 40% of the candle as a whole.



-Bruce
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