PROTECTED SOURCE SCRIPT
Hammer Pivot
Purpose of the Indicator
This indicator is designed to identify special “pivot” candles on a price chart based on the ratio of the candle’s body and wicks. It highlights potential reversal or continuation points by drawing key high/low levels and optionally candle shapes.
It’s particularly useful for:
Spotting bullish and bearish signals.
Detecting hammer and inverted hammer type candles.
Creating visual support/resistance levels.
Use Cases
Support & Resistance Levels: The high/low lines of pivot candles often act as short-term levels.
Trend Reversal Detection: A bullish pivot may signal the start of an uptrend; a bearish pivot may signal the start of a downtrend.
Confirmation for Entries: Combine with other indicators or price action for trade entries.
Chart Clarity: Option to show/hide past pivots so charts don’t get cluttered.
This indicator is designed to identify special “pivot” candles on a price chart based on the ratio of the candle’s body and wicks. It highlights potential reversal or continuation points by drawing key high/low levels and optionally candle shapes.
It’s particularly useful for:
Spotting bullish and bearish signals.
Detecting hammer and inverted hammer type candles.
Creating visual support/resistance levels.
Use Cases
Support & Resistance Levels: The high/low lines of pivot candles often act as short-term levels.
Trend Reversal Detection: A bullish pivot may signal the start of an uptrend; a bearish pivot may signal the start of a downtrend.
Confirmation for Entries: Combine with other indicators or price action for trade entries.
Chart Clarity: Option to show/hide past pivots so charts don’t get cluttered.
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。