Hammer Model ⧉

Hammer Model [#] - HTF Candle Entry Model

Overview The Hammer Model is a sophisticated technical indicator that identifies high-probability reversal setups based on Higher Timeframe (HTF) candlestick wick rejection patterns. Unlike traditional hammer pattern indicators that simply flag candle formations, this system provides a complete trading framework with precise entry zones, stop loss placement, and multiple take profit targets calculated using statistical projections.

How It Works Signal Generation @ Candle Close/New Candle Open The indicator monitors your chart for HTF candles that meet specific criteria:

Bullish Hammer: Lower wick must be significantly larger than the body Bearish Hammer: Upper wick must be significantly larger than the body When both wicks qualify, the indicator selects the larger wick as the primary signal, depending on conditions set.

Visual Components

Bullish Setups: SL: Stop loss level (below lower wick) ENTRY: Entry zone (candle close/new candle open) .25/.5/.25: Wick quadrant levels for scaling entries TP1/TP2: First and second take profit targets 1-4STDV: Advanced/Long Range Targets

Bearish Setups: SL: Stop loss level (above upper wick) ENTRY: Entry (candle close/new candle open) .25/.5/.25: Wick quadrant levels for scaling entries TP1/TP2: First and second take profit targets 1-4STDV: Advanced/Long Range Targets