This script creates Hammer, Hanging man, Shooting star, Inverted hammer chart indicators.
RED + CROSS = Sell
GREEN + DOT = Buy
RED + CROSS = Sell
GREEN + DOT = Buy
study("Hammer and Hanging man", overlay=true) high_h = high[1] low_h = low[1] open_h = open[1] close_h = close[1] shadow_h = high_h - low_h body_h = abs(open_h - close_h) bodyMid_h = 0.5 * (open_h + close_h) - low_h shadow = high - low body = abs(open - close) bodyMid = 0.5 * (open + close) - low bodyRed = open > close and body > (0.3 * shadow) bodyGreen = close > open and body > (0.3 * shadow) bodyTop = bodyMid_h > (0.7 * shadow_h) bodyBottom = bodyMid_h < (0.3 * shadow_h) hammerShape = body_h < (0.5 * shadow_h) hangingMan = bodyRed and hammerShape and bodyTop ? high_h : na hammer = bodyGreen and hammerShape and bodyTop ? high_h : na shootingStar = bodyRed and hammerShape and bodyBottom ? low_h : na invertedHammer = bodyGreen and hammerShape and bodyBottom ? low_h : na plot( hangingMan , title="Hanging man", style=cross, linewidth=10,color=red, transp=95, offset = -1) plot( hammer , title="Hammer", style=circles, linewidth=10,color=green, transp=95, offset = -1) plot( shootingStar , title="Shooting star", style=cross, linewidth=10,color=red, transp=95, offset = -1) plot( invertedHammer , title="Inverted hammer", style=circles, linewidth=10,color=green, transp=95, offset = -1)