Hammer and Inverted Hammer mw: MT4 indicator detecting bullish hammers with alerts

This Hammer and Inverted Hammer mw review for 2026 delivers a focused performance analysis of an MT4 indicator that specializes in single-candle reversal patterns. The review compares live account results and backtested runs to provide an objective analysis of signal reliability, false positive rates, and average trade duration. At a price of $39.99 and a marketplace rating of 4.5 out of 5 from 100 reviews, the indicator positions itself as an affordable pattern-recognition tool with practical alert features. What makes Hammer and Inverted Hammer mw unique is its emphasis on clean, non-repainting signals and immediate alerts to desktop and mobile clients. The algorithm scans price action for the classic Hammer and Inverted Hammer candle geometry, applying configurable filters such as minimum wick-to-body ratio and preceding trend confirmation before plotting a blue arrow for inverted hammer or a green arrow for a standard hammer. The indicator works best on higher timeframes such as 1H, 4H and daily where pattern validity increases, though it remains usable on 15m to 30m charts with tighter risk management. Risk management is integrated through recommended stop loss placement below the low of the pattern and options for fixed targets or risk-reward multiples. Expected performance characteristics include moderate win rates with positive expectancy due to selective entries; in our independent checks Hammer and Inverted Hammer mw demonstrated steady results when combined with position sizing of 1 to 2 percent risk per trade. For traders using MT4, the indicator is straightforward to install and configure and it delivers clear, data-driven signals rather than subjective calls.