hammer
forge.ta.hammer(open: ArrayLike,high: ArrayLike,low: ArrayLike,close: ArrayLike,wick_mult: float = 2.0,opposite_pct: float = 25.0,body_zone_pct: float = 33.3,trend_bars: int = 3) -> np.ndarrayHammer: a long lower wick after a fall. Found: 1.
Parameters
| Name | Type | Default |
|---|---|---|
| open | ArrayLike | |
| high | ArrayLike | |
| low | ArrayLike | |
| close | ArrayLike | |
| wick_mult | float | 2.0 |
| opposite_pct | float | 25.0 |
| body_zone_pct | float | 33.3 |
| trend_bars | int | 3 |
The lower wick is at least wick_mult times the body, the upper wick at most opposite_pct
percent of the range, the body sits in the top body_zone_pct percent of the range, and the
close before the bar is below the close trend_bars bars earlier.
forge.ta.Hammer(**inputs: Any) -> NoneA long lower wick after a fall.
Inputs
| Name | Type | Default | Range |
|---|---|---|---|
| wick_mult | float | 2 | 0 to 10 |
| opposite_pct | float | 25 | 0 to 100 |
| body_zone_pct | float | 33.3 | 1 to 100 |
| trend_bars | int | 3 | 1 to 50 |
body = |close - open|, range = high - low, upper wick = high - max(open, close), lower wick = min(open, close) - low
lower wick >= wick_mult * body, upper wick <= opposite_pct / 100 * range, the body inside the top body_zone_pct of the range, and after a fall: close[i-1] < close[i-1-trend_bars]
Found: 1
A bar whose high equals its low, or that has a missing price, is never part of a pattern. Computed on the prices the bars are drawn with: on Heikin-Ashi or Renko bars those are the built candles.