CSPInvertedHammer: Inverted Hammer Candlestick Pattern
In candlesticks: Candlestick Pattern Recognition

Description Usage Arguments Details Value Note Author(s) References See Also Examples

Look for Inverted Hammer Pattern in a OHLC price series

1	CSPInvertedHammer(TS, minuppershadowCL=2/3, maxlowershadowCL=.1, minbodyCL=.1)

`TS`	xts Time Series containing Open, High, Low and Close Prices
`minuppershadowCL`	minimum upper shadow to candle length ratio
`maxlowershadowCL`	maximum tolerated lower shadow to candle length ratio
`minbodyCL`	minimum body to candle length ratio

Number of candle lines: 1

The inverted hammer has got a long upper shadow, a small body at the bottom of the candle, and no or only a very short lower shadow.Hammer.

A xts object containing the column:

InvertedHammer

TRUE if inverted hammer pattern detected

The function filters candles that look like inverted hammers, without considering the current trend direction. If only inverted hammer patterns in a uptrend should be filtered, a external trend detection function must be used. See examples.

Andreas Voellenklee

The following site(s) were used to code/document this candlestick pattern:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks

CSPDoji CSPHammer TrendDetectionChannel TrendDetectionSMA

## Not run: 
  getSymbols('YHOO',adjust=TRUE)
  
  # filter for hanging man patterns
  CSPInvertedHammer(YHOO)
  
  # filter for hanging man patterns that occur in downtrends
  CSPInvertedHammer(YHOO) & TrendDetectionChannel(YHOO)[,"DownTrend"]

## End(Not run)