Hammer + EMA Strategy with Tick-based SL/TP by GunjanPandit
By GunjanPandit
Performance Metrics
- Author: GunjanPandit
- Symbol: NSE:NIFTY
- Timeframe: 15 minutes
- Net P&L: +0.55 INR (+0.00%)
- Win Rate: 13.9%
- Profit Factor: 1.172
- Max Drawdown: 1.25 INR (0.00%)
- Total Trades: 122
- Sharpe Ratio: −7,131.088
Description
What This Script Does:Detects Hammer (bullish reversal) and Inverted Hammer (bearish reversal) patternsRequires a simple trend context (using 2 bars back)Confirms price position relative to EMA 50Applies tick-based SL and TPPlots buy/sell signals on chart with emoji labels