Metastock Formula : 2 Day Hammer Exploration

2 Day Hammer Exploration

Here is an exploration that pattern traders may find useful. It tends to pick up two patterns: a two day hammer, that is if you combined the open for day 1 and close for day 2, the resulting bar would be a hammer, and a pattern similar to a Ross Hook, as I understand a Ross Hook.

Ref((C-L)/(H-L),-1)<=.30 AND ((C-L)/(H-L)) >= .70 AND

Ref(ATR(1),-1) >ATR(10) AND

ATR(1) >= ATR(10)