Inverted Hammer

This candlestick has a very small real body with a very long top shadow.

There is little or no bottom shadow. When appearing after a long downtrend this candlestick indicates a possible trend reversal.

Parameters:

BarsBack BarsBack must be greater than MinBars.

The candlestick formation will be scanned this many bars back in the timeframe.

MinBars 0(Fixed)

The value of MinBars will be one less than the number of bars in the candlestick formation