first strategies added - testing :-)

strategies/Hammer_Candle_Strategy.pine

@@ -0,0 +1,83 @@
+//@version=5
+strategy("Hammer Candle Strategy", overlay=true, initial_capital=10000, default_qty_type=strategy.percent_of_equity, default_qty_value=100)
+
+// Inputs for customization
+hammertBodyRatio = input.float(0.3, title="Max Body Size Ratio", minval=0.1, maxval=0.5, step=0.1)
+hammerWickRatio = input.float(2.0, title="Min Wick to Body Ratio", minval=1.0, maxval=5.0, step=0.1)
+
+// Function to determine if a candle is bullish or bearish
+is_candle_bullish(index) =>
+    close[index] > open[index]
+
+is_candle_bearish(index) =>
+    close[index] < open[index]
+
+// Hammer Candle Detection Function
+//isHammer() =>
+string dbg = ""
+bodySize = math.abs(close - open)
+totalRange = high - low
+
+// Calculate upper and lower wicks
+upperWick = high - math.max(close, open)
+lowerWick = math.min(close, open) - low
+
+// Check if body is small (less than 30% of total candle range)
+isSmallBody = bodySize <= (totalRange * hammertBodyRatio)
+//plotchar(isSmallBody, title="lw", char='-', location=location.abovebar,  color=#40fbf5,  size=size.small)
+
+// Lower/Upper wick should be at least 2x the body size and significantly long
+bool isLongUpperWick = upperWick >= (totalRange * 0.5) and upperWick >= (bodySize * hammerWickRatio)     
+bool isLongLowerWick = lowerWick >= (totalRange * 0.5) and lowerWick >= (bodySize * hammerWickRatio)     
+//plotchar(isLongUpperWick, title="LW", char='L', location=location.abovebar,  color=color.fuchsia,  size=size.small)
+//plotchar(isLongLowerWick, title="lw", char='l', location=location.belowbar,  color=color.fuchsia,  size=size.small)
+
+// Minimal lower/upper wick
+bool isShortUpperWick = upperWick <= (bodySize * 0.5) or upperWick <= (totalRange * 0.2)
+bool isShortLowerWick = lowerWick <= (bodySize * 0.5) or lowerWick <= (totalRange * 0.2)
+//plotchar(isShortUpperWick, title="Bullish Candle", char='S', location=location.abovebar,  color=color.fuchsia,  size=size.small)
+//plotchar(isShortLowerWick, title="Bullish Candle", char='s', location=location.belowbar,  color=color.fuchsia,  size=size.small)
+
+// Bullish Hammer (Green/White)
+isBullishHammer = isSmallBody and isShortUpperWick and isLongLowerWick //and is_candle_bearish(1) and is_candle_bearish(2) // and close > open 
+
+// Bearish Hammer (Red/Black)
+isBearishHammer = isSmallBody and isLongUpperWick and isShortLowerWick // and is_candle_bullish(1) and is_candle_bullish(2) // and close < open 
+if (isBearishHammer)
+    dbg := "TEST: " + str.tostring(isShortUpperWick) + " | "+ str.tostring(upperWick) + " | "+ str.tostring(bodySize) + " | "+ str.tostring(totalRange) + " | "
+   
+//    [isBullishHammer, isBearishHammer, dbg]
+
+//[bullish, bearish, deb] = isHammer()
+bullish = isBullishHammer
+bearish = isBearishHammer
+// Plot a '*' when close is above open (bullish candle)
+plotchar(bullish, title="Bullish Candle", char='*', location=location.belowbar,  color=color.green,  size=size.small)
+
+// Plot an '*' when close is below open (bearish candle)
+plotchar(bearish, title="Bearish Candle", char='*', location=location.abovebar, color=color.red, size=size.small)
+
+bullish := isBullishHammer and is_candle_bullish(1) and is_candle_bullish(2)
+bearish := isBearishHammer and is_candle_bullish(1) and is_candle_bullish(2)
+
+// Plot hammer candle markers
+plotshape(bullish, 
+          title="Bullish Hammer", 
+          location=location.belowbar, 
+          style=shape.triangleup, 
+          size=size.small, 
+          color=color.green)
+
+plotshape(bearish, 
+          title="Bearish Hammer", 
+          location=location.abovebar, 
+          style=shape.triangledown, 
+          size=size.small, 
+          color=color.red)
+
+// Trading logic
+if (bullish)
+    strategy.entry("Long", strategy.long)
+
+if (bearish)
+    strategy.entry("Short", strategy.short)