TC2000 Hammer Candlestick Scan

Description

The TC2000 hammer scan will return to you stocks that fit this classic candlestick reversal pattern definition.

How does it work

There are lots of variations and interpretations of what makes up a hammer formation, so let’s be clear about what The Trade Risk’s looks for:

• The body should be less than 1/3 the size of the candle range
• There should be little to no upper wick
• The formation of the body should occur in the top quarter of the range

Features

• Purchase includes exact PCF code and setup instructions
• Purchase includes additional recommended scan criteria:
  • Average daily volume filter
  • Complimentary oversold filter
• Can be used on all versions of TC2000
• Can be used on any time-frame
• Can be combined with other criteria to improve accuracy
• Stack the odds in your favor by using this scan against our weekly curated TR150 watchlist

Add to cart

Any questions? Contact us.

Bundle offer

Get a discount when you purchase this Hammer Candlestick Scan and its bearish version equivalent in the Hammer Candlestick Scans Bundle package.