These alerts report when there is a traditional hammer pattern on a standard candlestick chart.  Because the closing price is so important to a hammer trading pattern, we only report these at the end of the timeframe.  The different alerts work on charts of different timeframes.

The last candle in a hammer pattern has no upper wick, a small body, and a large lower wick.  This candle must occur in a downtrend.  We associate this alert with the color green because most traders see a hammer as a reversal pattern.

More options related to these alerts are listed below.