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Strategies & Market Trends : TA-Quotes Plus
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To: Kevin Shea who wrote (9029)3/16/1999 7:09:00 PM
From: Monty Lenard  Read Replies (2) of 11149
 
Kevin, I think Brooke was referring to me. Here you go.

INPUT="Your List.lst";
Output="0 Hammer.lst";

ProcessMS = "d:\meta\Hammer\",VMS;

set CCI = 13;

integer i, bar;
bar:= 0;
For i = 0 to bar step -1 do

If //close(i-1)<open(i-1) and //Black Candle yesterday
low(i)<low(i-1) and //1st part of hammer formation
open(i)=>low(i)+range(i)*.50 and //Lower shadow
close(i)=>low(i)+range(i)*.50 and
close(i)< close(i-2)
//high(i)=open(i) //shaved head - is very restrictive
//high(i)=close(i) //will produce white day hammers
then
println symbol;
i:= bar;
endif;

As you can see from the // I play around with it some. <g> You may want to change it to fit your tastes. One thing is this scan will not necessarily insure that it is produced after a downtrend. Also, sometimes I will require the volume be 1.5 - 2 times the 30 day average volume. One more thing, you can play around with the "range*.50" lines and change the lower shadow and/or real body produced.

Monty

PS Just send along any improvements. <g>
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