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the HammerStar indicator is designed to search for the Hammer and Shooting Star patterns on charts
of any currency pairs.

Hammer

Downward trend.
The lower shadow isn’t less than two and no more than 3 occasions larger than the entire body.
There is no upper
shadow, or it’s very brief (no more than 10% of the candlestick range).
The colour of the body at the long game is not important, with the short –
white hammer is a lot stronger than the black one.
Confirmation is indicated.

Shooting Star

Uptrend.
The upper shadow is not less than 3 times is larger than the body.
There is no lower shadow, or it is very short (no
more than 10% of the candlestick range).
The price gap between the star and the previous candlestick.

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Published

26 February 2020

Updated

Current Version

1.0

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Valentin Butorin January 19, 2021 9:44 am
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eders January 19, 2021 9:41 am
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