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Strategies & Market Trends : Metastock 6.0 for Window
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To: David Raine who wrote (3205)8/2/1999 8:10:00 AM
From: STYK   of 4056
 
2 Day Hammer

Here is an exploration that pattern traders may find useful.
It tends to pick up two patterns: a two day hammer, that is if you combined the open for day 1 and close for day 2, the resulting bar would be a hammer, and a pattern similar to a Ross Hook, as I understand a Ross Hook.

Ref((C-L)/(H-L),-1)<=.30 AND

((C-L)/(H-L)) >= .70 AND

Ref(ATR(1),-1) >ATR(10) AND

ATR(1) >= ATR(10)
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