Bearish Hammer Scan
Bearish Hammer Scan — MT5 indicator, supplied with source code and a compiled file. Source metadata: ID 3559: Bearish Hammer Scan; core Hammer mapped to CANDLE/HAMMER; visual-only custom indicator Declared inputs include: CatalogId, CalculationTimeframe, FastPeriod, SlowPeriod, SignalPeriod, ATRPeriod, LookbackPeriod, MaxBars, SignalThreshold, BandATRMultiplier, SessionStartHour, SessionEndHour, NotifyOnSignal. Description extracted from the supplied source metadata. Compilation compatibility, runtime behavior and trading results have not been independently verified.
Indicator · MT5 · v1.00 · Free
About Bearish Hammer Scan
Bearish Hammer Scan is an indicator for MetaTrader 5 based on MACD, RSI and Stochastic. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and marks candlestick patterns. It has 13 settings, such as Catalog id, Calculation timeframe and Fast period. MQL source code included.
Files in the download: Bearish_Hammer_Scan_MT5.mq5, Bearish_Hammer_Scan_MT5.ex5.
Settings
| Setting | Default | What it does |
|---|---|---|
| Catalog id | 3559 | |
| Calculation timeframe | PERIOD_CURRENT | Period or timeframe used by the calculation |
| Fast period | 13 | Period or timeframe used by the calculation |
| Slow period | 48 | Period or timeframe used by the calculation |
| Signal period | 6 | Period or timeframe used by the calculation |
| Atr period | 14 | Period or timeframe used by the calculation |
| Lookback period | 20 | Period or timeframe used by the calculation |
| Max bars | 1600 | |
| Signal threshold | 22.0 | |
| Band atr multiplier | 1.25 | How much the lot size grows after a loss |
| Session start hour | 0 | Hour when trading starts (server time) |
| Session end hour | 0 | Hour when trading stops (server time) |
| Notify on signal | false | Turn this alert on or off |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Indicators.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Buy/Sell Arrows · Alerts · Candlestick Patterns · MACD · RSI · Stochastic · MT5 Indicator · MQL5 Source Code